Atlantic Airways P/F
Atlantic Airways wins contract to provide Statoil air logistic service
Atlantic Airways P/F 23.01.2012 23:52 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 Stock Exchange Announcement 2/2012 Atlantic Airways has won a tender with Statoil to provide helicopter service in connection with oil exploration in Faroese waters in 2012. Atlantic Airways will also provide fixed wing transport during the period of exploration drilling, which is expected to start summer 2012 and estimated to last for 4-5 months. The helicopter service will be provided by a AW139 helicopter, which Atlantic Airways has leased in to fullfill the contract. The contract is worth a total of approximately 20-25 million DKK in revenue. CEO Magni Arge comments: 'We are very pleased that Statoil has awarded Atlantic Airways this contract. The company is determined to provide a competitive and high quality service to the oil industry and wish Statoil the best of luck in their search for oil in Faroese waters.' Atlantic Airways currently operates two Bell 412 helicopters and three BAE RJ aircraft and will phase in a leased AW 139 helicopter shortly and a new Airbus 319 in March 2012. The Faroe Island based carrier is servicing the Faroe Islands with air services, but provides also capacity for operations outside the Faroe Islands. Atlantic Airways has provided domestic helicopter services in Faroe Islands since 1994 and SAR since it was initiated in 2001. Since 2001 the company has also provided offshore services in Faroese, UK, Danish and Dutch sector. Atlantic Airways Ltd For further information contact: Magni Arge, CEO, tel +298 213700- magni@atlantic.fo Marius Davidsen, CFO, +298 213703 - marius@atlantic.fo News Source: NASDAQ OMX 23.01.2012 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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