newstodate.aero
May 08, 2014 (newstodate): Under new management, the Faroe Islands' carrier Atlantic Airways says it is on tracks with its strategy work.
Stepping in by the end of November 2013 to fill the position after Magni Arge, Jorgen Holme was designated CEO ad-interim as "the Board of Directors wants the company to move in a new direction" as stated by a release.
According to the statement, the transition period was expected to last for one or two years.
Under its new CEO, the airline started a review of its strategy in a process to be completed before summer 2014.
-I can confirm that we are on schedule, and we are targeting mid-June 2014 as the deadline for presenting a new strategy to our Board, says Jorgen Holme.
Nothing has so far surfaced to indicate which direction Atlantic Airways is aiming at, but speculations on the Faroe Islands are that one crucial issue is the continued build-up of a fleet now comprising three Airbus A319 aircraft only one of which is serving the traffic between the islands and Denmark while the two other aircraft are primarily engaged in charter operations in the Danish market.
Industry sources earlier told newstodate that while the Airbus A319 is an ideal aircraft to operate the trunk route between Vagar Airport and Copenhagen Airport, three such aircraft do not provide the flexibility to gradually expand the carrier's network into destinations that would require rather higher frequencies of flights by smaller aircraft with less passenger seats.
Stepping in by the end of November 2013 to fill the position after Magni Arge, Jorgen Holme was designated CEO ad-interim as "the Board of Directors wants the company to move in a new direction" as stated by a release.
According to the statement, the transition period was expected to last for one or two years.
Under its new CEO, the airline started a review of its strategy in a process to be completed before summer 2014.
-I can confirm that we are on schedule, and we are targeting mid-June 2014 as the deadline for presenting a new strategy to our Board, says Jorgen Holme.
Nothing has so far surfaced to indicate which direction Atlantic Airways is aiming at, but speculations on the Faroe Islands are that one crucial issue is the continued build-up of a fleet now comprising three Airbus A319 aircraft only one of which is serving the traffic between the islands and Denmark while the two other aircraft are primarily engaged in charter operations in the Danish market.
Industry sources earlier told newstodate that while the Airbus A319 is an ideal aircraft to operate the trunk route between Vagar Airport and Copenhagen Airport, three such aircraft do not provide the flexibility to gradually expand the carrier's network into destinations that would require rather higher frequencies of flights by smaller aircraft with less passenger seats.