FL GROUP

Stodir (Icelandic: Stoðir, FL Group prior to 4 June 2008) is an international investment company, headquartered in Reykjavík, Iceland with offices in London. The company was founded on July 20, 1973, under the name Flugleiðir. It was formed as a holding company for Loftleiðir and Flugfélag Íslands. Stodir was best known for its subsidiary Icelandair Group, which was sold in October 2006. Icelandair, Loftleidir Icelandic and other companies of Icelandair Group have been leaders in the Icelandic flight and tourism industry for about 70 years. The company was placed into administration in September 2008 after Glitnir, its largest investment, was part-nationalised by the Icelandic government. In December 2002 Baugur Group acquired 20% of...