Icelandair Group restructuring in final stages

25-Mar-2010 Icelandair Group hf. and its largest lenders, Íslandsbanki and Glitnir Bank hf., have reached an agreement on how it is foreseen to finalize the financial restructuring of Icelandair Group. Among other things, the restructuring will call for the involvement of other creditors in addition to lessors of aircraft used by Icelandair Group subsidiaries in their operations. Approval from a shareholders' meeting of the Group will be needed for certain aspects of the restructuring, in addition to the final approval of creditors. None of the