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Simon Calder's Independent Travel Podcast

July 31st - All about Play, the three year old airline based in Iceland

Simon Calder's Independent Travel Podcast

The Independent

Places & Travel, Leisure, Society & Culture

3.6628 Ratings

🗓️ 31 July 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

Play is the latest Icelandic airline to join the fray between the UK and Keflavik International Airport near Reykjavik – with onward connections to five North American destinations. I've been talking to the chief executive and largest shareholder, Einar Örn Ólafsson – and heard about starting an airline during Covid and the unusual appeal of Iceland in winter to Brits (with everyone else it's summer).


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Transcript

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0:00.0

Hello and welcome to today's independent travel podcast with me Simon Calder and I'm delighted to be with one of the, I think it's fair to say, rising stars of the aviation world.

0:12.8

He is Aena Ern Oliphson and he is the chief executive of Play Airlines based in Iceland.

0:22.1

We started late June in 21, so we're three years old.

0:26.2

But it was still COVID.

0:27.8

We had, I mean, actually the idea was that it would actually be a good time to start

0:33.4

an airline in sort of when COVID was ending and all the airline industry would be in distress

0:40.1

all the airlines would be you know heavily indebted and and we would be the fresh new kit on the

0:46.1

block unfortunately COVID lasted a bit longer we thought we thought we was just dying out there

0:52.5

in the spring of 21 but then it resurfaced and

0:55.9

really dragged down into sort of end of first quarter 22, if I remember correctly. So the start

1:02.9

was a little bit tougher than we had to anticipate it. That must be admitted. And then actually

1:10.8

when we felt we were really getting off the ground, then we had the invasion

1:15.1

into Ukraine and oil prices doubling or even more than that.

1:20.3

And yeah, so it's been a rough right.

1:22.0

I sometimes say that it feels like the past few years we've seen several once-in-a-lifetime shocks.

1:30.8

And so I guess, you know, maybe they aren't once-in-a-lifetime events.

1:36.9

We are up to 10 aircraft now, and we are operating a hub-and-spoke model with Keplervlovak as the hub.

1:45.0

And so simply saying we basically fly our 10 aircraft out to Northern Europe in the morning,

1:52.0

they come back early afternoon and then they take, well actually half of the fleet goes to North America

2:00.0

and then back.

2:01.2

So that's the hub.

2:02.9

The other half that doesn't go to America basically goes to southern Europe,

...

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