Stodir

Stodir
Company typePrivate
IndustryInvestment
Founded1973; 51 years ago (1973)
HeadquartersReykjavík, Iceland
Key people
Jon Sigurdsson (CEO), Julius Thorfinnsson (COO)
(ISK 19.9 billion) (2021)
Total assets(ISK 51.1 billion) (2021)
Number of employees
6
Websitestodir.is

Stodir (Icelandic: Stoðir, FL Group prior to 4 June 2008) is a majority family-owned investment company located in Reykjavík, Iceland. The company was founded on July 20, 1973, under the name Flugleiðir. It was formed as a holding company for Loftleiðir and Air Iceland.

FL Group was best known for its subsidiary Icelandair Group, which was sold in October 2006. Icelandair, Loftleidir Icelandic and other companies of Icelandair Group have been leaders in the Icelandic flight and tourism industry for about 70 years.

The company was placed into administration in September 2008 after Glitnir, its largest investment, was part-nationalised by the Icelandic government.

The company, then named Stodir, was restructured in 2009 and all shares delivered to its creditors. Between 2009 and 2016, all assets were sold and all debt repaid. In 2017, new shareholders acquired the company and Stodir was repositioned as an active investment company.