Details of FL Group's plan to spin off Icelandair (ATWOnline, Feb. 13) were revealed yesterday by Glitnir, an Icelandic bank that will underwrite an offering of 51% of the carrier. The sale is expected to net FL Group ISK26 billion ($364.1 million). Icelandair Group, which employs 2,700, will be listed on the Iceland Stock Exchange by the end of 2006, Glitnir said, with a public share offering to occur prior to the listing. It said the enterprise value of Icelandair Group is ISK43 ...

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