In 2010, the EFI led a comprehensive financial reconstructing of Icelandair Group. The fund provided the Group with 3.6 billion ISK in share capital, thereby acquiring a 29% share in the company. The purchasing price was 2.5 ISK per share. This share was sold in four phases between November 2011 and February 2014, with the sales value topping at 18.85 ISK per share.

Investment profit:                               11.5 billion ISK
IRR:                                                      70.3%
Total return:                                         314%