Air Atlanta Icelandic

What Air Atlanta Icelandic does

Air Atlanta Icelandic is a privately held Icelandic aviation services company founded in 1986, headquartered in Kópavogur, Iceland, with a regional headquarters in Birkirkara, Malta. The company specializes in ACMI (Aircraft, Crew, Maintenance, and Insurance) wet leasing and charter operations, deploying a widebody fleet of Boeing 747 and Boeing 777 aircraft to serve airlines, cargo operators, and governments across approximately 180 airports in 95 countries annually. It operates under two Air Operator Certificates — Air Atlanta Icelandic (Icelandic Transport Authority) and Air Atlanta Europe (Transport Malta Civil Aviation Directorate) — and holds IOSA certification on both AOCs, EASA membership, EU Community Carrier status, and regulatory approvals from the U.S. DOT, Canadian Transportation Agency, and CAAC China.

The company's revenue model is built on three core streams: ACMI wet leasing (subscription/contract-based recurring revenue, the primary stream), charter services (transaction-based, both passenger and cargo), and aircraft management services. Its go-to-market is direct enterprise sales, with bespoke contracts negotiated with airlines, cargo operators, and government clients. The company maintains a 25+ year technology relationship with Trax (an AAR Corp division), having upgraded to the Trax eMRO platform in 2024 and expanded to the eMobility Suite and Cloud Hosting in January 2026 to support digital defect management, electronic task cards, pilot logbooks, and mobile maintenance access.

Strategic positioning in 2025-2026 reflects a deepening pivot into widebody cargo operations, evidenced by partnerships with Magma Aviation (fuel efficiency collaboration delivering 250,000 kg fuel savings in 2025) and a multi-party freighter ecosystem involving AerCap Holdings, Fly Meta, and Hungary Airlines centered on the Boeing 777-300ERSF conversion program. With 1,001-5,000 employees and no disclosed parent company, Air Atlanta Icelandic operates as an independent, management-controlled ACMI and charter specialist with a global operational footprint and a regulatory structure that enables cross-border service delivery.

Name

Air Atlanta Icelandic

Legal name

Air Atlanta Icelandic

Website

https://atlanta.is

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Air Atlanta Icelandic, founded in 1986 and headquartered in Iceland, is a privately held ACMI wet-lease and charter operator providing Boeing 747 and 777 aircraft, crew, maintenance, and insurance services to airlines, cargo operators, and governments across 95 countries under dual Icelandic and Maltese Air Operator Certificates.

Ownership category

akta.pro rank

Product category

Aviation ACMI and Charter Services

NAICS

Nonscheduled Air Transportation (4812), Nonscheduled Chartered Passenger Air Transportation (481211), Nonscheduled Chartered Freight Air Transportation (481212)

SIC

Air Transportation, Nonscheduled (4522)

akta.pro primary industry

Charter Airlines & ACMI / Wet-Lease Passenger Operators (TLAFAAAC)

akta.pro secondary industries

ACMI / Wet-Lease Cargo Operators (THABAEAC), Group & ACMI Charter Airlines (Ad-hoc/Wet Lease) (TLAFABAC)

Keywords

• ACMI wet lease services
• Aircraft charter services
• Aircraft management solutions
• Widebody cargo operations
• Passenger charter flights

Headquarters

HQ city

Kópavogur

HQ country

Iceland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. ACMI Services (Wet Leasing): Air Atlanta provides ACMI (Aircraft, Crew, Maintenance, and Insurance) wet leasing services, where the company supplies aircraft, crew, maintenance, and insurance to clients who operate flights under their own brand. This is the primary revenue stream.
2. Charter Services: Passenger and cargo charter services provided to airlines, governments, and other clients on an ad-hoc or contracted basis.
3. Aircraft Management Services: Management services for aircraft owned by third parties, including operational oversight and regulatory compliance.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Air Atlanta Icelandic provides ACMI (Aircraft, Crew, Maintenance, and Insurance) wet leasing, CMI services, charter services, and aircraft management using a fleet of Boeing 747 and Boeing 777 widebody aircraft. The company serves passenger and cargo clients worldwide—including airlines, cargo operators, and governments—operating to approximately 180 airports across 95 countries annually. Operations are delivered under two Air Operator Certificates issued by the Icelandic Transport Authority and Transport Malta Civil Aviation Directorate.

Product overview

Air Atlanta Icelandic is an Icelandic charter airline and global ACMI (Aircraft, Crew, Maintenance, and Insurance) provider offering wet leasing and charter operations. The company operates a fleet of Boeing 747 and Boeing 777 aircraft serving airlines, cargo operators, and governments worldwide. Air Atlanta's services include ACMI services, CMI services, Charter services, and Aircraft Management Services. The company also utilizes Trax eMRO platform (upgraded in 2024) with eMobility Suite and Cloud Hosting add-ons for its maintenance operations, having been a Trax customer for over 25 years.

Differentiator

Problem solved

Functional benefit

Products and services

• ACMI Services
• CMI Services
• Charter Services
• Aircraft Management Services

Quantifiable outcome

• Reduced fuel consumption by over 250,000 kg in 2025 through Magma Aviation partnership

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Trax (AAR Corp)coreTechnology or Integration · 14 January 2026Air Atlanta Icelandic extended its multi-year contract with Trax (AAR Corp's MRO software division) for its Trax eMRO platform. The airline has been a Trax customer for over 25 years. The expansion adds the eMobility suite (digital defect management, electronic task cards, pilot electronic logbooks, mobile access) and cloud hosting solutions to improve maintenance efficiency, enhance safety, and reduce infrastructure overhead.
• AerCap HoldingscoreStrategic or Co-development Partner · 1 November 2025AerCap Holdings partnered with Air Atlanta Icelandic, Fly Meta, and Hungary Airlines in developing widebody freighter capacity. AerCap delivered its first Boeing 777-300ERSF aircraft to Fly Meta in November 2025, with Air Atlanta Icelandic involved in the operational ecosystem supporting this freighter development initiative.
• Fly MetaminorStrategic or Co-development Partner · 1 November 2025Fly Meta partnered with AerCap, Air Atlanta Icelandic, and Hungary Airlines in developing widebody freighter capacity. Air Atlanta Icelandic is part of the operational ecosystem supporting Fly Meta's cargo fleet expansion across Asia, Europe, the Middle East, Africa, and North America.
• Magma AviationcoreStrategic or Co-development PartnerMagma Aviation partnered with Air Atlanta Icelandic, which reduced fuel consumption by over 250,000 kg in 2025. The partnership demonstrates environmental and operational efficiency gains through combined operations.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Western Global Airlines: U.S.-based ACMI/charter cargo operator providing wet-lease freighter services globally using Boeing 747 and MD-11 aircraft. Directly comparable widebody ACMI cargo peer with similar customer base of freight forwarders and integrators.
• SmartLynx Airlines: Latvia-based ACMI operator providing wet-lease capacity primarily on narrowbody Airbus aircraft to airlines across Europe and beyond. Comparable ACMI business model with similar airline client base, though narrower fleet focus.
• Atlas Air Worldwide: U.S.-based global ACMI and charter operator operating a large widebody fleet (747 and 777) for cargo and passenger clients. It is the most directly comparable peer given similar business model, fleet type, and customer base in ACMI/cargo wet-lease.
• Longtail Aviation: Bermuda-registered charter and ACMI operator running a Boeing 747 freighter fleet for ad-hoc cargo and specialist missions globally. Comparable widebody charter/ACMI model with similar ad-hoc cargo customer profile.
• National Airlines: U.S.-based ACMI/charter operator flying Boeing 747 freighters and passenger aircraft for government, military, and commercial clients. Comparable widebody ACMI model with overlapping government and cargo customer segments.
• ASL Airlines Ireland: Ireland-based ACMI and cargo operator (formerly Air Contractors) operating Boeing 737 and 757 freighters under wet-lease arrangements. Comparable ACMI/cargo wet-lease model with European operating base.
• Avion Express: Lithuania-based ACMI/wet-lease carrier operating a fleet of Airbus A320 family aircraft for airlines globally. Comparable ACMI business model serving similar airline customers seeking seasonal and ad-hoc capacity.
• Hi Fly: Portuguese ACMI and wet-lease specialist operating Airbus widebodies for airlines and governments worldwide. Closely comparable in business model (ACMI/charter), customer base (airlines and governments), and global operational footprint.
• Aerotranscargo: Ireland-registered cargo airline operating Boeing 747 freighters on ACMI/charter basis across Europe, Asia, and Africa. Comparable widebody cargo ACMI/wet-lease model with similar charter and contract freight customer base.

Regional players

• Titan Airways: UK-based charter and ACMI operator providing wet-lease and ad-hoc passenger charter services, primarily across Europe and the Middle East. Comparable charter/ACMI business model with overlapping airline and government clients.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/air-atlanta

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Air Atlanta Icelandic