Statement regarding the privatisation of Atlantic Airways


Atlantic Airways Stock Exchange Announcement 26/2008

Statement regarding the privatisation of Atlantic Airways 

The Faroese Minister of Industry and Trade Jóhan Dahl has expressed his opinion
regarding the privatisation of Atlantic Airways P/F in the local business
newspaper “Vinnuvitan”. He says to the newspaper, that it may be necessary to
nationalize the company again, if it is possible. The Minister of Industry and
Trade emphasized that no decisions have been made by the Faroese Government. 

Atlantic Airways was established in 1987 and has grown steadily since then.
Operations started cautiously in March 1988, with a single aircraft and just
one route, between the Faroe Islands and Copenhagen. Atlantic Airways has
gradually expanded and established new income streams, ensuring the company a
stable economic base. The main activity consists of scheduled service with
Faroes as a cornerstone, charter operations in Europe and helicopter operations
in Faroese and 
North Sea waters. Atlantic Airways currently operates seven jet aircrafts and
four medium size helicopters. 

For further information contact:
Magni Arge, CEO, tel +298 213700- magni@atlantic.fo
Marius Davidsen, CFO, +298 213703 - marius@atlantic.fo

Attachments

statement regarding the privatisation of aa.pdf