Atlantic Airways P/F
Statement regarding the privatisation of Atlantic Airways
Atlantic Airways P/F 18.10.2011 07:30 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 7/2011 18. oktober 2011 The Minister of Industry Mr. Johan Dahl stipulated in a debate in The Faroese Broadcasting yesterday that The Faroese Government had decided to buy back the private shares in Atlantic Airways Ltd. Atlantic Airways has subsequently asked the Minister to clarify his statement. Johan Dahl, the Faroese Minister of Industry and Trade, states that Føroya Landsstýri (The Faroese Government) has not decided upon buying back the privately held shares in Atlantic Airways. The Government however wants to clarify how a possible buy back of the privately held shares in Atlantic Airways can materialise in a controlled way if the government should decide to do so. The full version of the press release from the Minister of Industry can be found on the website www.vmr.fo. Atlantic Airways currently operates three BAE Avro RJ aircraft and one BAE 146 as well as two helicopters. The Faroe Island based carrier is focusing on servicing the Faroe Islands with air services, but provides also capacity for operations outside the Faroe Islands. For further information contact: Bjarni Askham Bjarnason, chairman, tel +298 502085 - bjarni.askham.bjarnason@gmail.com News Source: NASDAQ OMX 18.10.2011 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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