Icarus Flight

What Icarus Flight does

Ikaros Fly ApS, doing business as Ikaros Fly and Ikaros ATO, is a privately held Danish flight school (ApS) founded in 1981 and headquartered at Hangarvej G 1, Roskilde Lufthavn (EKRK), Roskilde, Denmark. The company holds EASA Approved Training Organisation (ATO) status and a separate EASA/Trafikstyrelsen language-testing approval, and operates a fleet that includes Cessna C-172, C-172N, and Diamond DA42NG aircraft, supplemented by a Redbird FMX full-motion FNPT2 simulator with a 200-degree visual system used for instrument-rating training. The instructional team comprises an accountable manager, a Head of Training/Chief Instructor (IFR & Multi-Engine), four additional flight instructors covering VFR/IFR single and multi-engine ratings, and a theory instructor.

The company monetizes three core revenue streams: (1) EASA-approved flight training across PPL, LAPL, BIR, CBIR, multi-engine class/instrument ratings, night rating, and flight instructor FI(A) courses, priced per course and per block hour; (2) aircraft rental on a usage-based per-block-hour basis, supported by a customer-facing online booking system at booking.ikaros.dk; and (3) online and classroom theory instruction, including access to AviationExam question banks. Pricing is denominated in Danish Krone and includes fuel surcharges indexed to Shell Avgas and JetA1 list prices. Customer segments are exclusively individual consumers and small-scale private pilots, categorized as Recreational Pilots (primary), Aspiring Professional Pilots, and Current Pilots. The go-to-market motion is sales-led, relying on the company's website (ikaros.dk), a Facebook page, direct phone/email contact, and word-of-mouth reputation rather than paid acquisition channels. The business is purely domestic — operations, marketing, and distribution are concentrated at the single Roskilde base — although the BIR rating itself is valid across all EASA member states.

Name

Icarus Flight

Legal name

Ikaros Fly ApS

Website

https://ikaros.dk

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

11–50 employees

Short description

Ikaros Fly ApS is an EASA-approved flight school and aircraft rental operator based at Roskilde Lufthavn, Denmark, delivering PPL, BIR, CBIR, multi-engine, night, and instructor ratings to individual recreational and aspiring professional pilots.

Ownership category

akta.pro rank

Headquarters

HQ city

Roskilde

HQ country

Denmark

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Flight Training Services: EASA-approved flight training including BIR, PPL, CPL, IR, CBIR, multi-engine ratings, night qualification, and flight instructor courses. Revenue is generated through course fees, block hour charges for flight training, and examination fees.
2. Aircraft Rental: Rental of training aircraft including C-172 variants and DA42NG. Customers pay per block hour for aircraft usage, including instruction, briefing, and landing fees.
3. Theory Courses: Online and classroom theory courses for BIR and CBIR/IR, including access to AviationExam question database and study materials.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Ikaros Fly ApS is an EASA-approved Approved Training Organization (ATO) flight school based at Roskilde Airport (EKRK) in Denmark, founded in 1981. It delivers pilot certification programs including Basic Instrument Rating (BIR), Competency-Based Instrument Rating (CBIR), Multi-Engine ratings, Night Rating, PPL, CPL, and Flight Instructor courses, alongside aircraft rental (Cessna C-172, Diamond DA42NG, Partenavia P68) and Redbird FMX full-motion simulator training.

Product overview

Ikaros Fly Aps is an EASA-approved flight school (ATO) based at Roskilde Lufthavn, Denmark, founded in 1981. The company offers a comprehensive suite of aviation training programs including Basic Instrument Rating (BIR), Competency-Based Instrument Rating (CBIR), Multi-Engine ratings, Night Rating (NQ), and complete PPL/CPL pathways. The training portfolio is delivered through both practical flight training (using their fleet of Cessna C-172 and Diamond DA42NG aircraft) and theory courses. Additional services include aircraft rental with online booking, Redbird FMX full-motion simulator access for instrument training, and various flight planning web tools (weather, weight & balance, takeoff calculations). The company holds ATO approval and language testing approval from EASA/Trafikstyrelsen.

Differentiator

Problem solved

Functional benefit

Products and services

• Basic Instrument Rating (BIR) Training EASA-approved instrument rating pathway requiring only 3 theory exams (vs 7 for traditional IR), aimed at non-commercial pilots seeking IFR privileges at lower cost and time commitment.
• Competency-Based Instrument Rating (CBIR) Training Single-engine CBIR(A)SE training combining simulator hours (up to 25 hours on Redbird FMX) with 15 flight hours, priced at approximately 77,820 DKK ex VAT.
• Multi-Engine Rating Training Multi-Engine Class Rating (ME-CR) and Multi-Engine Instrument Rating (ME-IR) training typically conducted on Partenavia P68 aircraft, with 11 block hours at 4,800 DKK/hour.
• Night Rating (NQ) Training VFR night flying qualification including 5 hours minimum practical training and theory covering night operations, estimated at 10,208–12,766 DKK depending on aircraft type.
• Private Pilot License (PPL) Training Comprehensive PPL program including theory course, 45 hours of flight training at 2,040 DKK/hour, materials, and practical test, totalling approximately 119,360 DKK.
• Flight Instructor FI(A) Course Instructor rating training including 30 block hours at 1,740 DKK/hour, totalling 60,010 DKK, qualifying graduates to teach VFR/IFR single-engine flight.
• Aircraft Rental Hourly rental of training fleet including Cessna C-172, C-172N, and Diamond DA42NG aircraft for licensed pilots, booked online with per-block-hour pricing.
• Redbird FMX Simulator Training Full-motion FNPT2 simulator with 200-degree visual system used for instrument rating training, available for up to 25 hours within CBIR programs at 1,380 DKK/hour.
• BIR Theory Course (Online) Online distance-learning theory course covering the 3 BIR theory exams with AviationExam question database access, priced at 6,900 DKK plus VAT, with books and Jeppesen manual additional.
• Radio Certificates (NBEG / BEG / GEN) Aviation radio operator certification training for National Limited (NBEG), Limited (BEG), and General (GEN) radio certificates, priced at 2,995 DKK, 3,995 DKK, and 9,500 DKK respectively.

Quantifiable outcome

• BIR offers shorter, cheaper path to instrument rating with only 3 theory exams vs 7 for traditional IR
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• OSM Aviation Academy: Scandinavian-based EASA ATO offering integrated pilot training programs (PPL through ATPL) with airline placement focus. Comparable to Ikaros because both target aspiring professional and recreational pilots in the Nordic region using EASA-approved curricula and similar aircraft fleets.
• Flight Training Europe (FTE) Jerez: Spanish EASA ATO delivering integrated ATPL and modular pilot training programs. Comparable to Ikaros because both operate EASA-approved pilot training under Part-FCL with similar modular pathways (PPL/IR/ME) and compete for European students seeking structured EASA certifications.
• Pilot Flight Academy: Norwegian EASA-approved flight academy delivering integrated ATPL and modular pilot training. Comparable to Ikaros because it serves the same Nordic pilot-training demand pool, offers EASA Part-FCL programs, and competes for aspiring and recreational pilots in the broader Scandinavian catchment.
• BAA Training: Lithuania-headquartered EASA-approved aviation training organization providing integrated ATPL, type rating, and modular pilot training across Europe. Comparable to Ikaros as a peer EASA ATO with similar Part-FCL modular programs and simulator-based training infrastructure.
• Scandinavian Aviation Academy: Nordic EASA flight training organization delivering PPL, IR, and ATPL pathways in the Scandinavian market. Comparable to Ikaros because it competes for the same Nordic student pool seeking EASA pilot certifications with similar training infrastructure (aircraft fleet and simulators).

Broad incumbents

• CAE: Global leader in civil aviation training and a major EASA ATO operator with presence across Europe including Scandinavia. Comparable because CAE delivers EASA pilot training programs at scale (PPL through ATPL), directly overlapping with Ikaros's Part-FCL training offerings, though with a much broader integrated cadet-to-type-rating portfolio.
• European Flight Academy: Lufthansa Group's EASA flight training subsidiary offering integrated ATPL and cadet programs across multiple European bases. Comparable to Ikaros as a fellow EASA ATO delivering Part-FCL pilot training, but operating at airline-affiliated scale with a far broader geographic footprint.
• FlightSafety International: Global professional pilot training organization (now part of CAE) offering type rating, recurrent, and simulator-based training worldwide. Comparable to Ikaros only thematically through shared reliance on flight simulation and aviation training infrastructure, but operating at far larger scale and focused on advanced/professional training rather than ab-initio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/IkarosFlyApS
• LinkedInlinkedin.com/company/ikaros-fly-aps

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Icarus Flight