Icelandair has entered into a secured USD 35 million loan agreement with CIT Bank which is part of a refinancing due to the redemption of bonds issued by the Company earlier this year. The maturity date of the loan will be based on a 5-year term.

For further information, please contact:

Eva Sóley Guðbjörnsdóttir, CFO
Telephone: +354 5050300
E-mail: evasoley@icelandair.is