Icelandair Group: Agreement signed with Icelandic Airline Pilots Association (FIA).

Icelandair Group and the Icelandic Airline Pilots Association (FIA) signed early this morning a wage agreement that is valid until 30 September 2014. Over the term of the agreement, Icelandair Group and FIA will jointly work towards a long term agreement. The agreement is in broad terms in line with agreements already signed on the Icelandic labour market this year. The agreement will now be presented by FIA to its members that will vote electronically on the agreement in the next seven days.

At this time is not possible to estimate Icelandair Group‘s loss due to FIA‘s actions during this industrial dispute.