Atlantic Airways P/F - Changes board/management/auditors

Atlantic Airways appoints new CEO

The Board of Directors of Atlantic Airways has appointed Mr. Jørgen Holme as
the company's new CEO. Mr. Holme has a master degree in economics and
management. He follows Mr. Magni Arge, who has been the CEO of Atlantic Airways
for the past 18 years. 

Jørgen Holme has been appointed for a period of one to two years with the task
to lead the company including a review of the future strategy. Jørgen Holme is
52 years and has years of experience from the airline industry at SAS, Spanair
and AirGreenland primarly in leading commercial positions. Latest he was head
of SEB Kort Bank Denmark. 

The board of directors wants to thank Mr. Magni Arge for his good and faithful
work in Atlantic Airways. 



Yours sincerely

Niels Mortensen, chairman of the Board of Directors

Tel.: +298 21 69 28