Eagle Air was founded in 1970 by Hörður Guðmundsson[4] and his family as a transportation and security link in the Westfjords, one of the most remote parts of Iceland.

[7] In the early 1990s, Eagle Air accepted key assignments from the International Red Cross to operate in Kenya, Sudan, Mozambique and Angola, delivering aid supplies to civil war stricken regions.

[8][9] In 1995, Eagle Air moved its headquarters from Ísafjörður to Reykjavík after most of its airmail contracts were discontinued[10][11] due to the opening of the Vestfjarðagöng tunnel.

On 27 February 2018, Birna Borg Gunnarsdóttir, the granddaughter of founder Hörður Guðmundsson, became the first female pilot in the airlines history.

[19] From Reykjavík Airport (RKV) to: Eagle Air had decades of experience in ambulance flights, and flew aircraft with pressurised cabins that can fly above weather for patient comfort.