Omar Benediktsson new Managing Director of SmartLynx


Omar Benediktsson has been appointed Managing Director of the charter airline
SmartLynx in Latvia. He succeeds Mr.Eugene O'Reilly, who has served as
Managing Director of SmartLynx on a temporary basis, and will now as planned
return to his post as Assistant Managing Director of Icelease. Mr.O'Reilly has
also been appointed to the Supervisory Board of SmartLynx. SmartLynx is an
international charter airline, based in Riga, Latvia. 

Benediktsson brings with him valuable experience in the field of aviation. He
has among other things served as CEO of Íslandsflug and Air Atlanta, and was
among the key investors in these companies. He has been Vice Chariman of the
Board of Directors of Icelandair Group for the past two years, but will leave
the board at the next Annual General Meeting in March.