newstodate.aero

Jul 27, 2021 (newstodate): If everything falls into place, the Faroese airfreight industry may see the launch of a new cargo airline before the end of this year.
  Over the last few decades, many attempts have been made to set up a dedicated freighter service operating at Vagar Airport - but they failed, mostly due to lack of firm commitments among the exporters.
   This time it is different, as the leading Faroese seafood producer and exporter, and among the world's five largest: Bakkafrost has signed up with a 100 percent firm commitment for the full export capacity and also posting as the single largest investor in the venture, with Bakkafrost CEO Regin Jabobsen to chair the Board that will also comprise well-known professionals including Hedin Krett, Andrew Djurhuus, Hans Meinhard á Hogaboli, and Birgir Nielsen who will be CEO of the new airline.
   -We are now to decide on whether to seek an own AOC, or start out on a partner airline AOC, but plans are to set up a direct cargo flight between Vagar and the USA with a cargo aircraft suitable for operations at Vagar Airport, says Birgir Nielsen, Nira Consulting.
   -Our plans have been welcomed in the Faroese airfreight community, where the bulk of imports today is flown or sailed from Denmark and the UK, and a balanced operation supported by imports is of course important for the coming new cargo airline.
   -With a strong stakeholder like Bakkafrost, our project is indeed very realistic; and while we refrain from citing a concrete launch date, we hope to see the start of operations before the end of this year after completion of all pertinent preparations, says Mr Nielsen.
   The process has indeed been under preparation for years:
   -We will utilize the existing aircraft cargo capacity, and as the markets for our advanced new products develop we will consider the introduction of a dedicated freighter service that will, of course, require a considerable volume and a sound economical basis to secure a sustainable service. This phase may take months, or years, to develop, Bakkafrost's CEO, Regin Jacobsen, told newstodate on January 17, 2017.