newstodate.aero
FEB 09, 2005 (newstodate): The decision to sell Bluebird Cargo to the Icelandair Group was purely a financial issue, says Bluebird Cargo's CEO and part-owner, Thor Kjartansson.
-There is a total of 86 shareholders behind Bluebird Cargo, and they made the decision out of considerations of their investments, he says.
Thus the decision did not reflect issues of the airline's future strategy or appraisals of specific market conditions, according to Mr Kjartansson.
Mr Kjartansson, who will continue as CEO of the company, refutes to comment further on company business issues and stategies before the deal is finally confirmed after assesment by the Icelandic competition authority and the expire of the due diligence period, which is expected with " a few months".
Bluebird Cargo is also preparing to receive its second Boeing 757-200F with the same period.
-There is a total of 86 shareholders behind Bluebird Cargo, and they made the decision out of considerations of their investments, he says.
Thus the decision did not reflect issues of the airline's future strategy or appraisals of specific market conditions, according to Mr Kjartansson.
Mr Kjartansson, who will continue as CEO of the company, refutes to comment further on company business issues and stategies before the deal is finally confirmed after assesment by the Icelandic competition authority and the expire of the due diligence period, which is expected with " a few months".
Bluebird Cargo is also preparing to receive its second Boeing 757-200F with the same period.