Who are we?

Andri has a long reaching experience in aviation and airline operations having spent over 20 years with the Icelandair Group.  During his time with the company he worked in finance and operation management supervising financial planning and budgeting as well as evaluating and/or supervising products/business/business plans, budgeting.  For a period of six years, Andri was responsible for Icelandair flight/technical/ground operations; carrying all duties towards local aviation authorities in maintaining operations certificate.  He further led negotiations with employee unions and with key suppliers. For the last few years at his reign at Icelandair, Andri held the position of fleet manager, negotiating and evaluating all aircraft and engine purchases and leases. Andri has a degree in Business Administration from the University of Iceland.

Gudmundur is a veteran of the industry for over 25 years starting his aviation career with FTC Västerås where he worked as an Aircraft Technician between 1992-1995. Having studied metalwork preparation for Aircraft Technician at the Reykjavik Technical College, JAR 145 auditor training and JAR Hoofdorp Nominated Postholder Training, Gudmundur also attended Business Studies at the University of Iceland before completing his Type training L1011-1/-100/-500 Tristar 1998, B737 Classic, Airbus A320 series and Rolls Royce Trent 7000  GENFAM courses.  Gudmundur holds a CAME continuation training iaw relevant to date.  From 1995 – 2018 Gudmundur has held various positions with Icelandair, Air Atlanta, Bluebird Nordic and WOWair.  Positions including line maintenance, planning, powerplant and postholder.

Hrafn “Krummi” Thorgeirsson has vast experience in the aviation industry, spanning over 30 years.  Hrafn (goes by the name „Krummi“) was previously employed as the Senior Marketing Manager and Advisor for IAM Aviation on various ACMI and startup projects.  In the years between 2008 and 2018 Krummi served first as COO and then as Managing Director for Primera Air Scandinavia and from 2013 as CEO and Accountable Manager for Primera Air´s 2 AOCs in Denmark and Latvia.  Previous to his roles at IAM and Primera, Krummi worked for Icelandair in various positions such as Manager Stations, Director Resource Management and Director Ground Operations in various locations.  Krummi served on the board of ITS (Icelandair Technical Services from 2005-2008). In 2006 Krummi joined Latcharter/Smartlynx (then owned by Icelandair Group) as COO and was there until relocating to Primera Air in 2008. Hrafn has a degree in Business Administration and Management from the University of Iceland.

Kári‘s aviation career began at Icelandair Group in 1994.  Positions held during his time at Icelandair Group included Manager, Treasury department with main focus on risk and cash management, Director of Procurement with main focus on fuel, contracts and Aircraft leasing and Head of all Hotel Operations of Icelandair Group with a total of 17 properties. In 2005, Kári co-started Icelease.  He has been the Managing Director of the company since 2006.  Kári has also served as the Managing Director for several joint venture aircraft investment projects, co-owned by international banks and lessors.  Kári has served on the boards of several different companies over the past 10 years, including Bluebird Cargo Airlines, IG Invest and HF Securities (securities brokerage and corporate advisory; licensed member of the NASDAQ:OMX exchange). Kari has a degree in Business Administration from the University of Iceland.

Magnús has a wide experience in the Aviation, Travel and Hospitality industry.  Magnus joined Icelandair in 1997, heading up marketing, yield management and e-commerce, with a base in Washington, DC.  In 2001, Magnus took on the responsibility as Director, Global Sales Planning and Development. In 2003, Magnus left Icelandair to take over as Vice President-Business Development for Avion Group, an aviation-focused investment company.  During his time at Avion, he co-led the merger of Air Atlanta Icelandic and Islandsflug and led the purchase, re-branding and re-fleeting strategy of Star Airlines in France and Aero Flight in Germany.  In early 2006 Magnus left Avion Group and took on an executive director role for XL Holdings where he headed the group business development and fleet strategy for all of the XL Airways AOC’s.  Magnus has served as a board member on numerous aviation related companies including XL Airways Group UK Ltd. (UK), XL Airways Germany, XL Airways France, Xtra Airways (US) and Hótel Óðinsvé (ICE) as well as other investment firms such as Emmjay Investments (US) and Gamma ehf (ICE).  Magnus has been a Senior Partner at Icelease since 2011. Magnus has a degree in Internatioanl Affairs and Economics from the University of Colorado.

Martin Greiffenhagen, a Germany native, has been an active participant in the Global Aviation Market for close to 30 years.  With a wide variety of responsibilities and comprehensive understanding in the aviation sector, Mr. Greiffenhagen is an approved accountable manager for airline operations with the German Civil Aviation Authorities. Martin joined the Icelease team in 2012, having previously worked as the CEO for XL Airways Germany, a position he has held since its foundation in January of 2006.  Prior to such, Martin was the Managing Director of Accelligence Consulting, a German Aviation Consultancy based in Frankfurt.  After leaving his position in the Controlling Department of Technische Universitat Darmstadt in 1990, Mr. Greiffenhagen held senior management positions with both Aero Lloyd and Sudflug, a former subsidiary of Condor Airlines.

Since joining Icelease in 2012, Saud has primarily focused on capital marketing and sourcing opportunities in the Middle East and North African markets, by utilizing an extensive network of institutional and semi-government clients. Saud joined Icelease after having been employed in various key positions over the last decade, in tier 1 commercial real estate and finance markets, specializing in developing or acquiring, leasing and exiting large real estate projects. Since then, Saud has gained comprehensive experience in the aviation leasing space. Saud holds undergraduate and postgraduate degrees in International Business from Regent’s Business School London.

Sigthor left his position as Deputy CEO of Icelandair Group in January 2011 to focus exclusively on the Aircraft leasing and trading market.  Sigthor joined Icelandair in 1996, where his first assignment involved heading up process reengineering and strategic planning projects.  In 1999, Sigthor became the Director of Resource Management, taking on responsibility for commercial aspects of the flight operations of Icelandair, including aspects such as aircraft lease-in/lease-out, fuel purchasing and airport station management.  In early 2000, Sigthor successfully reintroduced Icelandair to the international charter- and ACMI-markets.  This concept caught speed, and on January 1, 2002 Loftleidir-Icelandic, a specialized charter and ACMI service provider headed by Sigthor, was launched as a sister company of Icelandair.  In 2006, Sigthor was appointed COO of the Icelandair Group, and Deputy CEO as of 2008.  He has served on the boards of directors of Icelandair, Loftleidir-Icelandic, Travel Service Airlines (Czech Republic), Bluebird Cargo Airlines, Icelease and SmartLynx Airlines (Latvia). Sigthor served on the Board of Directors of ISTAT (International Society of Transport Aircraft Trading) for four years and currently sits on the board of the ISTAT foundation.  Sigthor joined Icelease as a Senior Partner in 2011. Sigthor has a Master Diploma in Industrial Engineering from Technische Universitat Darmstadt.

Sveinn Sigthorsson is currently studying Industrial Engineering at the University of Iceland and is expected to complete his BSc. degree in the spring of 2021. He has a lifelong passion for aviation and specializes in airline fleet research. He is currently employed as an intern assisting in research and project analysis.