Aircraft lessor Air Atlanta Icelandic has made changes to its senior management team geared towards its strategy to focus on fleet development and renewal.
Chief executive since 2006, Hannes Hilmarsson will take on a a new role as the executive chairman of Air Atlanta Icelandic and managing director of Air Atlanta’s sister company, Northern Lights Leasing.
Baldvin M. Hermannsson (pictured left), who joined the company in 2001 and has held various roles becomes chief executive. Unndór Jónsson becomes vice president of sales and marketing moving from director of travel.
Air Atlanta operates 12 Boeing 747-400 with a mix of passenger and freighter aircraft plus one Airbus A340-300 that it manages on CMI basis for a client.
Hilmarsson said: “Air Atlanta Icelandic (AAI) has come a long way since I became chief executive in 2006. Following a colourful period of a merger, fleet downscaling and losses we managed to turn the company around with profitable operation for the last decade.
“In recent years we have focused on building up an efficient fleet of Boeing 747-400s while retiring older and inefficient aircraft at the same time. On average, we’ve inducted three new aircraft to the fleet each year while we’ve at the same time returned or retired four, which has kept the organization very busy during this fleet transition period.
“I am personally convinced that these management changes will make a good Company even better, and at the same time strengthen the airline for the next chapter in Air Atlanta‘s successful history.”