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36-439: It is a subsidiary of Icelandair Group and merged with Icelandair in 2021, being fully absorbed into the parent company, while at the same time still operating flights under the name of its parent company. As of 2024, domestic Icelandair flights are still operated under Flugfélag Íslands Air Operator's Certificate , which is still active. Air Iceland Connect can trace its history to 1937. On 3 June that year Flugfélag Akureyrar

72-641: A business organization or establish and register a branch or representative office. Previously, foreign entity registration was handled through the National Registration Center, which had implemented a streamlined "one-stop-shop" system since September 1, 2007. However, on November 26, 2015, the enactment of Law No. 131/2015 led to the formation of the National Business Center (QKB) which aimed to simplify business procedures by centralizing registration and licensing in

108-646: A holding company with 11 subsidiaries in the travel and tourist industry in Iceland with Icelandair being the largest subsidiary. In 2005 the name Flugleiðir was changed to FL Group which would concentrate on investment, while Icelandair continued its flight operations under the aegis of a separate company, Icelandair Group. The board of directors of FL Group announced in February 2006 its intention to list Icelandair Group on Iceland Stock Exchange . Then in December of

144-435: A set of assets organized to do business. Działalność gospodarcza ('economic activity') is the closest equivalent of business. As of January 2021, there are at least six different definitions of economic activity, enshrined in the following acts: Except for the spółki osobowe (partnerships), all are juridical persons . From business perspective spółki z ograniczoną odpowiedzialnością (limited liability companies) are

180-531: A single institution. Consequently, the National Registration Center and the National Licensing Center were abolished. There are three main types of business entity in Brunei, namely sole proprietorship , partnership , and company . A private company contains the term "Sendirian Berhad", meaning "Private Limited" or "Sdn. Bhd." as part of its name; for a public company "Berhad" or "Bhd."

216-521: Is an Icelandic travel industry corporation, the owner and holding company of the airline Icelandair and several other travel industry companies in Iceland . The group's headquarters are at Reykjavík Airport in Reykjavík . The corporation is the largest in Iceland, with 125 billion ISK in revenue in 2013. Icelandair Group focuses on the international airline and tourism sectors, with Iceland as

252-656: Is an entity that is formed and administered as per corporate law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries. These include corporations , cooperatives , partnerships , sole traders , limited liability companies and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province. Some of these types are listed below, by country. For guidance, approximate equivalents in

288-446: Is or in combination with Finnish, e.g. Oy Yritys Ab . In the corporations of real estate law, the ownership or membership may be vested either in the real property or in a legal or natural person, depending on the corporation type. In many cases, the membership or ownership of such corporation is obligatory for a person or property that fulfils the legal requirements for membership or wishes to engage in certain activities. Companies of

324-670: Is used. In Canada entities can be incorporated under either federal or provincial (or territorial) law. The word or expression "Limited", Limitée , "Incorporated", Incorporée , "Corporation" or Société par actions de régime fédéral or the corresponding abbreviation "Ltd.", Ltée , "Inc.", "Corp." or S.A.R.F. forms part of the name of every entity incorporated under the Canada Business Corporations Act (R.S., 1985, c. C-44). ≈ Ltd. or Plc (UK) As an exception, entities registered prior to 1985 may continue to be designated Société commerciale canadienne or by

360-614: The Companies Act of 2005. There are currently (2015) 4 types and each of them has legal personality: Partnerships are referred to as kumiai (組合). Each of these 4 types has no legal personality though other corporations, which include " kumiai " in their name, have: Note: Any of these entities can be incorporated as a "Capital Variable" entity, in which case has to add the "de C.V." sufix to its company name. Example: "S.A. de C.V.", "S. de R.L. de C.V." one of above mentioned form (Preduzetnik; O.D.; K.D.; A.D.; D.O.O.), as such it

396-504: The Polish law . The usage of the equivalent terms in the Polish legal system may often be confusing because each of them has several different definitions for various purposes. Przedsiębiorca ('entrepreneur' or 'undertaking')—known as kupiec ('merchant') until 1964; jednostka gospodarcza ('economic unit') from 1964 to 1988; podmiot gospodarczy ('economic entity') from 1988 to 1997—is

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432-548: The United Kingdom below, though without the class Community Interest Company . There were two forms of Company Limited by Guarantee, but only the form without a share capital is now used. Irish names may also be used, such as cpt ( cuideachta phoibli theoranta ) for plc, and Teo (Teoranta) for Ltd. All non-governmental legal entities are registered on the companies register by the chamber of commerce . No universal definitions of company and business exist in

468-722: The Air Iceland Connect fleet consisted of the following aircraft, all of which now operate the same flights under the Icelandair brand: Among the destinations, most in Greenland and some in Iceland have runways less than 1,100 metres (3,600 ft) in length. The Q200 is the only aircraft type possessed by Air Iceland Connect compatible with such runways. Its retired fleet includes Fokker 50s . [REDACTED] Media related to Air Iceland Connect at Wikimedia Commons Icelandair Group Icelandair Group hf.

504-549: The Bombardier Dash 8 Q400s will be phased out. On 9 March 2021, Icelandair Group announced that Air Iceland Connect is to merge its sales operations with Icelandair by uniting domestic and international services from 16 March 2021 and continuing the current flight operations under the Icelandair brand. The company Air Iceland Connect continues to operate domestic flights under its own legal responsibility but using

540-590: The Code of Companies and Associations, the term "Private limited liability company" (BVBA/SPRL) automatically became "Private limited company" (BV/SRL), as a part of harmonising legal entity types within the European Union. Types of legal person business entities: Types of natural person business entities: Non-profit: The abbreviations are usually in Finnish, but Swedish names may also be used either as

576-552: The Icelandair brand. Air Iceland Connect operated to the following destinations under its own name, before its operations were integrated with Icelandair 's in March 2021. Air Iceland Connect had codeshare agreements on flights to the Faroe Islands operated by Atlantic Airways , as well as on services to Grímsey , Thorshofn , Vopnafjörður and Nerlerit Inaat Airport operated by Norlandair . As of December 2020,

612-632: The KRS exclusively for the purpose of official recognition as a charity (public benefit organization – see above), if they are eligible for, apply for and obtain such. Societăți comerciale , abbreviated SC (Companies): limited liability company "societate cu raspundere limitata" (SRL); Most of the legal entity types are regulated in a modified version of the original version of the Dutch Burgerlijk Wetboek . Business corporations are referred to as kaisha (会社) and are formed under

648-557: The KRS, but are still obligated (except for the State Treasury as a whole) to obtain NIP and REGON numbers by registering in the relevant registers, and are usually still subject to the general taxation rules (including VAT); examples of such situations include: Some of the abovementioned types of entities (e.g. hunting clubs, church entities), other than the state or self-governmental ones, may nevertheless be subject to registration in

684-633: The North Atlantic and became quite successful for the greater part of two decades. In 1973, however, it was agreed to merge both Air Iceland and Loftleiðir under a new holding company, Flugleiðir . In October 1979 Flugleiðir assumed all operating responsibilities of its two parents and decided to use Icelandair as its international trade name, retaining the Flugleiðir name for the Icelandic domestic market. In January 2003 Flugleiðir became

720-627: The ULC is classified as a disregarded entity. Rather, Canadian businesses are generally formed under one of the following structures: Companies include two types, Other than companies, ordinary firms include other two types: (See also Partnership (China) ) See also help.gv.at Archived 2015-12-26 at the Wayback Machine (Austrian government site, in German) Dutch , French or German names may be used. Following changes to

756-931: The abbreviation S.C.C. Under the Canada Cooperatives Act (1998, c. 1), a co-operative must have the word "cooperative", "co-operative", "coop", "co-op", coopérative , "united" or "pool", or another grammatical form of any of those words, as part of its name. Unlike in many other Western countries, Canadian businesses generally only have one form of incorporation available. Unlimited liability corporations can be formed in Alberta "AULC", British Columbia "BCULC" and Nova Scotia "NSULC". The aforementioned unlimited liability corporations are generally not used as operating business structures, but are instead used to create favorable tax positions for either Americans investing in Canada or vice versa. For U.S. tax purposes

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792-595: The airline Flugfélag Akureyrar, was founded at Akureyri on the north coast of Iceland. In 1943 the company moved its headquarters to the capital Reykjavík and changed its name to Air Iceland , which later assumed the international trade name Icelandair . In 1944 another Icelandic airline was founded, Loftleiðir , by three young pilots returning from flight training in Canada. Initially, both companies concentrated on Icelandic domestic air services but then began international flights between Iceland and other countries. In 1953 Loftleiðir pioneered low-fare services across

828-649: The airline sold its only Dash 8–100 series aircraft. It previously operated ATR 42 aircraft, wet leased from Islandsflug , from 2000 to 2003. A fleet of three Bombardier Dash 8-Q400 aircraft replaced the airline's five Fokker 50 aircraft in 2015–16. Services using the new aircraft included routes to Aberdeen which started in March 2016, and Belfast which began in June 2017, both flown out of Keflavík International Airport . In May 2017, Flugfélag Íslands announced it had rebranded as Air Iceland Connect . Árni Gunnarsson, managing director of Air Iceland Connect, stated that

864-472: The closest equivalent of company understood as an entity. As of January 2021, there are at least thirteen different definitions of entrepreneur/undertaking, enshrined in the following acts: Przedsiębiorstwo ('enterprise') is defined in the Civil Code as an organized complex of material and non-material components designated to perform economic activity. Therefore, it is equivalent to company understood as

900-561: The company law of English-speaking countries are given in most cases, for example: However, the regulations governing particular types of entities, even those described as roughly equivalent, differ from jurisdiction to jurisdiction. When creating or restructuring a business, the legal responsibilities will depend on the type of business entity chosen. Foreign and domestic investors have a range of options to establish and organize their business in Albania . They can either create and register

936-400: The cornerstone of its international route network. The business concept of the group is built exclusively on Icelandair's route network and on marketing Iceland as a year-round destination. During 2013 the group employed an average of 2,850 full-time employees. 1,387 of those were employed by Icelandair. The number of employees had been rising steadily from 2,028 in 2010. Icelandair Group is

972-419: The following. Certain types of juridical persons or other collective legal entities which have been established otherwise than by registration in the KRS, may in few situations be authorized by law to perform business activity (sometimes of a limited scope and/or scale, along with their main, often non-commercial or not-for-profit activity), despite remaining excluded and exempt from the obligation to register in

1008-830: The most popular forms of legal entities in Poland as approx. 96% of foreign investments is performed in this legal form. All the following types are juridical persons: In addition, any juridical persons or other legal entities (including those originally or otherwise exempt from the registration in the KRS – see below) also have to register, if they apply for and obtain the status of an officially recognized charity ( organizacja pożytku publicznego = public benefit organization), when eligible; however, as an exception, registration solely for that purpose neither confers juridical personality to entities lacking one, nor does it create obligation or right to register as an entrepreneur. Types of entities excluded from registration as entrepreneurs include

1044-487: The name change would help distinguish themselves from Icelandair and signify the airline's connection to Icelandic and international destinations. Dropping the Icelandic name resulted in complaints about the attack on the Icelandic language. In February 2018, Air Iceland Connect announced a strategy change by focusing on regional destinations. Therefore, flights to the United Kingdom had been cut by 14 May 2018 and

1080-439: The parent company of nine subsidiaries that form the two business segments of Route Network and Tourism Services. In addition to passenger flights operated by Icelandair, the group has vast interests in most aspects of Icelandic tourism and aviation, including hotel chains, travel agencies, domestic airlines and cargo, support services, as well as fledgling ACMI and lease operations. Icelandair Group traces its roots to 1937 when

1116-511: The same year the company was listed as ICEAIR on the ICEX. The next year FL Group landed in dire financial straits and then Icelandair Group was hit by the 2008–2012 Icelandic financial crisis . In 2009 Icelandair Group started a financial restructuring, which was successfully completed in February 2011. On 5 November 2018, Icelandair Group announced that it had made a purchase agreement to acquire all shares of competitor WOW air . The intention

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1152-654: The type "Anónimi Etaireía" would translate this designation into the French translation société anonyme or S.A. in non-Greek languages. In Hungary, business entities are mainly regulated by the Companies Act of 2006, the Companies Registration Act of 2006 and the new Civil Code of 2013. All companies are required to indicate their type in their name. The situation in Ireland is similar to

1188-559: Was called Flugleiðir while its transatlantic division was called Icelandair . In Akureyri , Tryggvi Helgason founded the airline Norðurflug ; it was incorporated on 1 May 1995 as Flugfélag Norðurlands . Subsequently, in 1997, Norðurlands merged with Flugleiðir's domestic operation under the name Flugfélag Íslands, branded as Air Iceland in English. In late 2011, Flugfélag Íslands acquired two Bombardier Dash 8-200 aircraft for delivery in early 2012. Upon delivery of these aircraft,

1224-400: Was established; the airline changed its name to Flugfélag Íslands on 13 March 1940, the third airline to bear this name. The first Flugfélag Íslands was founded on 22 March 1919 and dissolved the following year. A second airline of the same name was founded on 1 May 1928 and operated until 1931. In 1973, Flugfélag Íslands and Loftleiðir merged under the name Flugleiðir hf. Its domestic division

1260-535: Was one of several airlines to propose special "rescue fares" for stranded WOW air passengers. Most of the shareholders of Icelandair Group are pension and investment funds in Iceland. The Pension Fund of Commerce is the biggest shareholder, with 14.36% of shares at the end of 2013. About 22% of the shares are held by small shareholders with less than 0.70% of the shares each. The subsidiaries of Icelandair Group: Defunct subsidiaries include: List of legal entity types by country#Iceland A business entity

1296-416: Was that, after approval of the agreement by shareholders, the two airlines would continue to operate as separate brands. However, the merger was abandoned less than a month later. WOW air then held talks with Indigo Partners ; after those talks failed on 21 March 2019, Icelandair Group briefly but unsuccessfully resumed discussions, before WOW air's subsequent cessation of operations on 28 March. Icelandair

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