Annual Report 2012 www.atlantic.fo Company Information P/F Atlantic Airways Vágar Airport FO-380 Sørvágur Faroe Islands Tel + 298 34 10 00 Fax +298 34 10 01 Established 1987 Reg. no. 1223 VAT Number 379778 Domicile municipality: Sørvágur Website: www.atlantic.fo Email:
[email protected] Share Stock Exchange: VMF Market on NASDAQ OMX Iceland & NASDAQ OMX Copenhagen ISIN code FO 0000000062 Share Capital DKK 103.500.000 No. of Shares 1.035.000 Board of directors Kaj Johannesen, Chairman Jens Wittrup Willumsen, Deputy Chairman Tezz Tordsdotter Ohlsson Bjarni Askham Bjarnason Ingi S. Joensen Olaf S. Poulsen Management Magni Arge, CEO Marius Davidsen, CFO Joen Remmer, COO Auditor P/F NOTA, State Authorized Public Accountants Annual Report 2012 Page 2 Atlantic Airways in Brief Our origin, mission, vision, business and strategy Atlantic Airways was established in order to develop the Faroese airline industry and airline services, and through this establish a competent aviation environment in the Faroe Islands. Since the company’s establishment in 1987 it has grown from a small company with one aircraft and limited capabilities to a company, which operates several aircraft and helicopters. At year-end 2012 Atlantic Airways had 172 full-time equivalent employees, and operated 4 aircraft and 2 helicopters. Our mission is to transport people and cargo by air with the Faroe Islands as our cornerstone. Our vision is to enable the Faroese people to travel the world, providing the best possible service and to remain the preferred airline carrier in the Faroe Islands. In line with our mission and vision statement, Atlantic Airways strives to provide the Faroe Islands with safe, commercially viable, diverse, and competitive air travel to the rest of the world.