Eagle Air

What Eagle Air does

Eagle Air (legal name Flugfélagið Ernir, DBA Eagle Air Iceland / Ernir) is a family-operated Icelandic regional airline founded in 1970 by Hörður Guðmundsson in Ísafjörður. The company was originally established to provide ambulance and transportation services in the Westfjords and relocated its headquarters to Reykjavík in 2003 alongside a strategic pivot toward international charter, tourism, and emergency response. The airline operates a fleet of four to five turboprop aircraft — three Jetstream 32, one Jetstream 31, and one Dornier 328 — capable of landing on short runways that larger commercial aircraft cannot access.

The company's core products are organized into four revenue streams: (1) year-round scheduled domestic flights to six destinations (Reykjavík, Vestmannaeyjar, Húsavík, Höfn in Hornafjörður, Bíldudalur, Gjjögur) priced across Online, Economy, and Standard fare tiers with a 40% Loftbrú discount for rural residents; (2) on-demand air charter services for up to 32 passengers to 30+ countries including Greenland, the Faroe Islands, and Scandinavia; (3) emergency air ambulance and cargo flights with one-hour response via a 24-hour hotline; and (4) packaged adventure tours (glacier, ice cave, and volcano air tours) sold at €650-€725 per person. Distribution is direct, via the eagleair.is and ernir.is websites and physical service desks at Reykjavík, Húsavík, and Höfn airports, with charter requests handled by phone and email.

Eagle Air is a privately held, family-controlled operator with no disclosed institutional investors, parent company, or subsidiaries. It serves individual travelers, tourists, rural residents, healthcare and emergency-response buyers, and commercial charter clients. There is no disclosed revenue, headcount, funding, or app/API surface in the available data, and the company shows no current AI/ML capability beyond standard airline operations.

Name

Eagle Air

Legal name

Flugfélagið Ernir

Website

https://eagleair.is

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

1–10 employees

Short description

Eagle Air is a family-operated Icelandic regional airline (founded 1970) operating scheduled domestic flights to six destinations, charter services across 30+ countries, air ambulance, cargo, and adventure tours using a small fleet of short-runway turboprops. It primarily serves Icelandic residents, tourists, and emergency-response clients.

Ownership category

akta.pro rank

Product category

Regional Air Transportation

NAICS

Scheduled Passenger Air Transportation (481111), Nonscheduled Chartered Passenger Air Transportation (481211), Nonscheduled Air Transportation (4812), Air Transportation (481)

SIC

Air Transportation, Scheduled (4512), Air Transportation, Nonscheduled (4522)

akta.pro primary industry

Island & Remote Region Regional Airlines (THABACAL)

Keywords

• Regional airline services
• Scheduled passenger flights
• Air charter services
• Air ambulance transport
• Adventure air tours

Headquarters

HQ city

Califon

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Scheduled Flight Services: Airline operates year-round scheduled flights to six destinations in Iceland including Reykjavík, Vestmannaeyjar, Húsavík, Höfn in Hornafjörður, Bíldudalur, and Gjögur. Revenue generated from passenger tickets across multiple fare tiers (Online offer, Economy, Standard).
2. Air Charter Services: Charter flights tailored to customer needs for up to 32 passengers. Services available for domestic Iceland flights as well as international routes to Greenland, Faroe Islands, Scandinavia, and Europe. Rapid response with aircraft available within one hour.
3. Air Ambulance Services: Emergency medical transport services with decades of experience. 24-hour hotline with rapid response capability. Can arrange doctor and/or medical crew. Services available in Iceland, Greenland, Scandinavia, and Europe.
4. Cargo Flights: Freight flights to any location in Iceland and overseas with short response time.
5. Adventure Tours: Air tours and adventure tours including glacier tours, ice cave exploration, and customized journeys. Tours include air transportation plus ground activities such as car rentals, boat trips, and snowmobile excursions.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels2 records

Core offering

Eagle Air is a family-operated Icelandic regional airline that operates scheduled domestic flights to six destinations across Iceland, international charter flights reaching 30+ countries, dedicated air ambulance services, and cargo flights. The company additionally sells adventure air tours (glacier, ice cave, and customized scenic journeys) combining air transportation with ground activities. The core fleet consists of short-runway-capable Jetstream 31/32 turboprops and one Dornier 328 aircraft.

Product overview

Eagle Air is a family-operated Icelandic airline (founded 1970, operating as Flugfélagið Ernir) providing regional air transport services. The company operates a multi-product portfolio consisting of scheduled domestic flights to six destinations across Iceland, air charter services (including ambulance and cargo flights), and adventure tourism products. The adventure tours include air tours (Ice and Fire – Glaciers & Volcanoes), summer tours (Splendid Simplicity, Glacier Lagoons on Your Own), and winter tours (Ice Caves and the Diamond Beach, Glacier Lagoons on Your Own). The fleet consists of Jetstream 31/32 aircraft (up to 19 passengers) and one Dornier 328 (up to 32 passengers), serving routes across Iceland, Greenland, Scandinavia, and Europe.

Differentiator

Problem solved

Functional benefit

Products and services

• Scheduled Domestic Flights Year-round scheduled passenger flights operating on fixed routes to six domestic destinations across Iceland (Reykjavík, Vestmannaeyjar, Húsavík, Höfn in Hornafjörður, Bíldudalur, Gjögur), offered across Online, Economy, and Standard fare tiers for individual travelers and rural residents.
• Air Charter Services

Quantifiable outcome

• Aircraft available within one hour of call for emergency services
• +1 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• International Red CrosscoreStrategic or Co-development Partner · 1 January 1990Early 1990s assignments operating in Kenya, Sudan, Mozambique, and Angola delivering aid supplies to civil war-stricken regions. This humanitarian work established Eagle Air's emergency response capabilities.

Scale indicators5 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Widerøe: Norway's largest regional carrier, predominantly Dash 8 turboprops serving short-runway coastal and fjord airports under PSO contracts. Closest large-scale analog for short-runway regional scheduled service in a similar North Atlantic geography.
• Air Iceland Connect: Iceland's larger domestic/regional carrier operating multiple routes from Reykjavík with bigger turboprops. Direct overlap on scheduled passenger service within Iceland and similar point-to-point network model, but broader fleet and parentage (Icelandair Group).

Direct peers

• Norlandair: Icelandic operator running scheduled regional routes and chartered flights to remote Icelandic communities with small turboprops. Closest head-to-head competitor in the Westfjords-style short-runway segment where Eagle Air operates.
• Atlantic Airways: Faroe Islands flag carrier operating scheduled regional routes plus charter and helicopter services. Same Nordic island/remote-region use case as Eagle Air, with shared competitive ground on Faroes connectivity and into Iceland.
• Loganair: UK-based regional turboprop operator running scheduled island and remote-area services plus charter and air-ambulance work. Highly analogous business model to Eagle Air: short-runway landing, point-to-point regional connectivity, and mixed scheduled/charter/medevac revenue.
• Copenhagen Airtaxi: Danish executive and group charter operator using small turboprops and business jets. Overlaps directly with Eagle Air's charter business to corporate customers, NGOs and remote destinations in Scandinavia and Northern Europe.
• BRA (Braathens Regional Airlines): Swedish regional carrier operating ATR turboprops on domestic routes and charter. Comparable as a small-scale Nordic scheduled/charter operator with mixed commercial and contract flying.
• Bluebird Nordic: Icelandic cargo carrier that also offers passenger charter services using similar regional turboprop equipment. Comparable on cargo flights and ad-hoc charter, and competes for the same Icelandic aircrew and engineering pool.
• Alsie Express: Denmark-based regional operator running scheduled and charter services with small turboprops. Similar business mix of scheduled island/regional routes plus charter and medevac across Scandinavia.

Regional players

• Air Greenland: State-linked Greenlandic carrier running scheduled and charter services to remote Arctic communities with small turboprops. Highly comparable geography, customer profile and aircraft class to Eagle Air's international charter work into Greenland.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/flugfelagid.ernir

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Eagle Air