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Atlantic Airways celebrates 21 years

8th April 2009 - 08:00 GMT | by The Shephard News Team


Atlantic Airways – the national airline of the Faroe Islands, has celebrated 21 years of service since its first flight between Vágar and Copenhagen.

Back then, the Faroese airline consisted of only one aeroplane, one travel destination and 30 employees. Today, Atlantic Airways consists of seven aeroplanes, 10 travel destinations in the summertine and 270 employees. Throughout the last 21 years, Atlantic Airways has created an independent Faroese and the corporation has never been stronger than right now.

In 2007 Atlantic Airways was registered on the Icelandic stock exchange when a third of the company was privatised by the government. Later, the company was also registered at the purchasing department of Copenhagen. As a public company, Atlantic Airways is now regulated with strict rules of notification, internal knowledge and care for investors. Today, Atlantic Airways is owned by the government and 1330 private share holders.

Atlantic Airways now has a turnover of 550 million DKR. Annually, the company makes an export value of around 250 million DKR. The share certificate of Atlantic Airways was the best registered Nordic aviation share in 2008.

Atlantic Airways continues to look forward and has signed a purchase commitment to buy an Airbus A319 which will become a part of the fleet in 2011.

The Shephard News Team


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