Atlantic Airways P/F - Company Announcement

Suspension of Market Making on OMX Iceland

Atlantic Airways Stock Exchange Announcement 20/2008

Suspension of Market Making on OMX Iceland

Atlantic Airways has been informed that due to the unstable conditions on the
Icelandic money transactions market, the market maker in Atlantic Airways
shares on the OMX Iceland Stock Exchange, Eik Banki P/F is unable to guarantee
the security of trading and clearing of transactions of Atlantic Airways shares
traded on the OMX Iceland Stock Exchange. 
Therefore, the market maker, Eik Banki P/F has chosen to suspend the market
making on OMX Iceland Stock Exchange until such secure trading and clearing
conditions can be guaranteed. 
Atlantic Airways was established in 1987 and has grown steadily since then.
Operations started cautiously in March 1988, with a single aircraft and just
one route, between the Faroe Islands and Copenhagen. Atlantic Airways has
gradually expanded and established new income streams, ensuring the company a
stable economic base. The main activity consists of scheduled service with 
Faroes as a cornerstone, charter operations in Europe and helicopter operations
in Faroese and North Sea waters. Atlantic Airways currently operates seven jet
aircrafts and four medium size helicopters. 

For further information contact:
Magni Arge, CEO, tel +298 213700 - magni@atlantic.fo
Marius Davidsen, CFO, +298 213703 - marius@atlantic.fo

Attachments:

stock exchange announcement 20-2008.pdf