26 Apr 2005
BAE Systems Regional Aircraft has leased a BAe 146-200 (E2115) to Atlantic Airways, the airline of the Faroe Islands. The aircraft was delivered in late April.
Atlantic Airways currently operates three BAe 146-200s on scheduled international flights linking the Faroe Islands with Copenhagen, Billund, Rekjavik, Aberdeen and Stavanger. Seasonal flights are also carried out to Oslo and London. Atlantic Airways also operates charter flights and wet leases.
The need for the fourth aircraft - the first to be leased from BAE Systems - is that the airline has increased frequencies considerably to Copenhagen, Billund and London and widened its involvement in charter operations in support of the oil industry.
Founded in 1987, Atlantic Airways operations started with an initial BAe 146-200 in March 1988. The aircraft is particularly well suited to the difficult approach and short runway at Vagar Airport. Over the years the BAe 146 fleet has grown as the airline has expanded operations and on the back of the BAe 146 the airline has been consistently profitable over the last ten years.
Magni Arge, President of Atlantic Airways said, "The BAe 146 has done a good job for us and it is popular with our customers. Over the years the aircraft has been a reliable and dependable workhorse and has become a key lifeline for the people of the Faroe Islands with the outside world."
About BAE SYSTEMS Regional Aircraft:
BAE Systems Regional Aircraft is responsible for Customer Support, Engineering and Asset Management activities covering a world-wide base of 160 customers operating over 1,100 aircraft in addition to managing a trading and leasing portfolio of some 350 aircraft.
About BAE SYSTEMS
BAE Systems is an international company engaged in the development, delivery and support of advanced defence and aerospace systems in the air, on land, at sea and in space. The company designs, manufactures and supports military aircraft, surface ships, submarines, fighting vehicles, radar, avionics, communications, electronics and guided weapon systems. It is a pioneer in technology with a heritage stretching back hundreds of years. It is at the forefront of innovation, working to develop the next generation of intelligent defence systems.
BAE Systems has major operations across five continents and customers in some 130 countries. The company has more than 90,000 people and generates annual sales of over 13 billion through its wholly-owned and joint venture operations.
For further information, please contact:
David Dorman, BAE SYSTEMS
Tel: +44 (0) 1582 488336 Fax: +44 (0) 1582 488447
ddaviddorman@aol.com
