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[1] From the Second World War, the United States Navy and later, the North Atlantic Treaty Organization or NATO had facilities at the Keflavik International Airport.

The object of establishing the company was to ensure that properties owned by the State in the area are put into organized, advantageous civil use as soon as possible, with the goal of ensuring that positive social effects will be as substantial as possible and that negative impacts on nearby society would be as minimal as possible.

[10] The Keilir Aviation Academy has recently purchased brand new teaching airplanes and will start aircraft mechanics courses next year.

[12] Keilir has been making research agreements with several companies in green energy fields such as wind pumping.

Connected to the University campus there is a student orientated restaurant and café opened and a [17] convenience store.