• Forms a new travel agency • Focuses on the most popular holiday package trip destinations of Icelanders and incoming tourism • Hördur Gunnarsson, former director of Ferdaskrifstofa Islands joins Icelandair Group Icelandair Group has decided to focus on increased activity in the tourism and travel sector and Hördur Gunnarsson, former director of Ferdaskrifstofa Islands will join Icelandair Group and take a seat on the board of companies within the Group. “We see great opportunities for Icelandair Group in this market and we know we have the experience, expertise and equipment to be successful and gain market share quickly. We have not emphasized general travel agency activity within the Group or offered services to Icelanders going on vacations on charter flights. Hördur Gunnarsson has vast experience in this field and he will lead the build up of this activity within the Group. We see lots of synergy in the organization of both outgoing and incoming traffic, for instance in the utilization of the Group's aircraft fleet, “says Björgolfur Johannsson, CEO of Icelandair Group. Hördur will take seat on the board of travel service companies in Icelandair Group and will be the executive chairman of Iceland Travel, a company specialized in incoming tourism. He will work with the present management in expanding the travel agency activity of Icelandair Group, both incoming tourism and the holiday package trips production for the Icelandic market. Hördur finished his business degree from the University of Iceland in 1981 and is a registered accountant. He was the managing director of the Ferdaskrifstofa Islands for 15 years, from 1990-2006. He is married to Hrönn Björnsdóttir and they have three children.