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Icelandair Group, listed on the NASDAQ OMX Iceland as ICEAIR, is a holding company with 12 independent subsidiaries focused on the airline and tourism sectors. The Group has two main business areas, Scheduled Airline and Tourism and Capacity Solutions. Iceland is the focus of Scheduled Airline and Tourism, with the international airline Icelandair, Icelandair Ground Services (IGS) Icelandair Cargo, Iceland Travel, Air Iceland and Icelandair Hotels. Capacity Solutions offer broad worldwide aviation services with Loftleidir Icelandic, Travel Service, SmartLynx, Bluebird Cargo, and Icelease. The Group's financial services are handled by Fjarvakur.Icelandair Group owns and operates profitable and dynamic travel and transport companies delivering safe, reliable and convenient services. We create value for our customers, employees and shareholders by focusing on customer needs, efficient service delivery and unique and superior value propositions. We invest in strong, profitable travel and transport companies with high potential for growth and future value creation.

Iran Aseman Airlines flies to nearly 50 destinations throughout its Persian homeland as well as to seven neighboring countries. Its main hub is the airport in Tehran, but one of three secondary ones is in Dubai in the United Arab Emirates. The carrier operates a fleet of 25 planes, including Fokker 100 and Boeing 727 jets as well as ATR-72 turboprops. Iran Aseman, founded in 1980, transports about 2.5 million passengers a year. (Aseman is the word for "skies" in Farsi, Iran's national language.) The airline acknowledges that ongoing US economic sanctions against Iran have hampered the carrier's ability to acquire new planes and parts at the most cost-effective rates.

"Iranian Airways" was first established in May 1944 and commenced its first passenger flight right after the World War II from Tehran to holy city of Mashhad. Within a period of 17 years (1945-1962) this airline developed into a major domestic Route with a few international flights per week. In 1954 another private airline as "Pars Airways" was established. Initially "Pars Airways" only undertook freight services to Europe. The geographical situation of Iran, expanding its spacious levels, relative remoteness of crowded areas from each other, lack of means of transportations either railways or roads, the need to initiate safe and fast connections to survey and governmental organizations, and the last but not the least, lack of an ordered equipment with high capacity to revive mutual aviation rights with other countries and also securing more welfare and comfort for Iranians, provided the conditions for the board of ministers to ratify a proposal suggested by road minister to establish a national Airline corporate on February 10th, 1961. Following this decision, on February 24th, 1961 both "Iranian Airways" and "Pars Airways" merged to form a new airline as" IranAir" with the acronyms and the symbol of "HOMA" bird and this new airline commenced its activities in April 1962. Covering the domestic aviation transportation needs accompanied by observing the safety principles and forming transportation services with neighboring and far-fetched countries, and also considering simultaneous communal contracts on commercial grounds and interests of the country were among the reasons to establish IranAir.

Since establishing Israir in 1996, our goals have been focused on securing flight safety and creating a more enjoyable experience by returning a personal touch to air travel. Israir continues to place customer relations at the center of its activities by incorporating the best resources in training for continued excellence. Israir Airlines company began with domestic flights to and from Eilat, Ben Gurion Airport, Dov Airfield, and Haifa. Israir Airlines flights have increased substantially by flying internationally to Europe and the U.S. Israir Airlines elite fleet of planes includes the Airbus 320, 767-300ER, and ATRs and serves as our countryÒ³ second largest carrier. Israir continues to offer the highest possible level of quality in the newest planes. For your convenience, Israir Airlines staff of 350 employees is multilingual, and Israir Airlines have exceptional working relations with various hotels, car rental companies, and tourism sites for the express reason of providing you with all the amenities you need to enjoy a safe and fun-filled vacation.

Japan Airlines brings the world to the Land of the Rising Sun and takes Japan to the world. Its main operating unit, Japan Airlines International, serves more than 210 airports in some 35 countries (including some served by partners). Its fleet of over 270 aircraft consists mainly of Boeing jets. The carrier is part of the Oneworld global marketing alliance, which counts among its members such industry leaders as AMR's American Airlines and British Airways. Besides its scheduled passenger services, Japan Airlines carries air cargo and provides maintenance and ground-support services for airlines. The company also markets travel packages, offers credit card services, and operates the Nikko hotel chain.

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