Word: loftleidir
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Dates: during 1970-1979
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Today the airline is Iceland's largest private employer, with a staff of more than 700. It owns the country's biggest hotel, the 108-room Loftleidir in Reykjavik. Last year it bought another line, International Air Bahama, which flies between Nassau and Luxembourg. With that kind of performance, Managing Director Alfred Eliasson, who was one of the founders, is not overly concerned about competitors who criticize his low pricing policies. "No airline," he notes, "is obliged to be a member of I.A.T.A...
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