Atlantic Airways P/F
Atlantic Airways signs contract with Atlantis Rejser
Atlantic Airways P/F 20.11.2012 12:22 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Atlantic Airways has signed a contract with the Danish tour operator Atlantis Rejser to provide charter capacity primarily out of Billund starting medio 2013. Atlantis Rejser is one of the leading Danish tour operators specializing in Egypt, and was the first Nordic travel agency to offer packaged holidays to Sharm el Sheikh already in 1994. The contract generates a turnover of DKK 75 million in 2013 and 2014. The production is distributed through the year with peak in the winter season. Atlantic Airways will add a second Airbus 319 in the spring 2013 to cover for the new contract. This contract will not change the expected result for the full year 2012. But the agreement is seen as an important step in Atlantic Airways' growth of production based on Airbus 320 series and will consequently support a lower unit cost. 'This is a significant contract for us and we value highly the trust Atlantis Rejser has given us as carrier. It is also supporting our ambition to grow the fleet of Airbus 319 aircraft,' says Magni Arge, CEO. Atlantic Airways currently operates one Airbus 319 aircraft, two BAE Avro RJ-85 and one BAE Avro RJ-100 as well as three helicopters. The Faroe Island based carrier is focusing on servicing the Faroe Islands with air services as well as providing capacity for operations outside the Faroe Islands. For further information contact: Magni Arge, CEO, tel +298 213700 - magni@atlantic.fo News Source: NASDAQ OMX 20.11.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Atlantic Airways P/F Iceland Phone: Fax: E-mail: Internet: ISIN: IS0000006971 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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