In the winter of 1951, Alfred Eliasson’s company, Icelandic Airlines, was about to go under. The founder and his executive team had decided to pull out of the transatlantic market just a few months prior, after established carriers like Pan-Am proved to be tougher competition than expected. Low domestic demand in Iceland, a country of just 200,000 inhabitants at the time, also proved to be a challenge. By December of 1950, the airline known as Loftleiðir in Icelandic had only one scheduled route. It was between the capital city of Reykjavik and a small group of islands off Iceland’s east coast.