Atlantic deal signals arrival of third A319

Atlantic Airways has signed a second contract with Danish tour operator Atlantis Rejser to provide charter capacity, primarily out of Copenhagen, starting in October 2013.
Atlantic Airways, national carrier of the Faroe Islands, will phase in its second Airbus 319 in June and will add a third Airbus 319 in Autumn 2013 to cover for the new contract.
The second and third Airbuses will be retrofitted with the RNP AR 0.1 navigation system developed by Atlantic Airways, in partnership with Airbus subsidiary, Quovadis.
The system received its formal approval from the Danish civil aviation authorities late last year and has already yielded significant benefits to the airline in terms of both reliability and safety, having enabled safe landings at the airline Vágar base in conditions of visibility in which a conventional approach and landing would not have been possible.
Atlantis Rejser is one of the leading Danish tour operators specialising in Egypt, and was the first Nordic travel agency to offer package holidays to Sharm el Sheikh, as early as 1994. The contract lasts until 2016 and will generate an estimated turnover of DKK 75 million (£8.68 million) in 2013 and 2014. The activity is distributed throughout the year, with a peak in the winter season.
This contract will not change the expected financial result for the full year 2013, but the agreement is seen as an important step in Atlantic Airways’ growth in activity, based on the Airbus 320 series and this growth 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 a carrier. It is also supporting our ambition to grow our fleet of Airbus 319 aircraft,” said Magni Arge, CEO.
“Our cooperation with Chilean carrier DAP provides us, in parallel, with the opportunity to reduce our fleet of BAe Avro RJ 85 aircraft. One Avro RJ is currently operating in Chile and a second delivery is planned in the autumn of 2013,” he added.
Atlantic Airways expects to operate three Airbus 319s and one Avro RJ in the fourth quarter of 2013. Currently, the airline operates one Airbus 319 aircraft, two BAE Avro RJ-85 and one BAE Avro RJ-100, as well as two helicopters. The carrier focuses primarily on providing the Faroe Islands with important air services to neighbouring countries, but it is also involved in increasingly important activity in other markets.