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Amapola does not extend agreement with West Atlantic

2015/8/25

Amapola has announced that they will not extend the subcontractor agreement of PostNord with West Atlantic when it expires at the end of this year. West Atlantic has been a subcontractor to Amapola since 2005. The agreement with Amapola involves five BAe ATP-F aircraft and accounted for roughly 10 percent of the revenue in 2014, but has decreased in importance during 2015 as a result of the new Boeing 737-routes that were introduced during the first half of 2015.

It is unfortunate that we were unable to reach an agreement with Amapola. We now look at alternatives for the five aircraft currently deployed by Amapola, such as engaging these aircraft on new routes in our continued expansion or using them to cover the Company’s ongoing need for spare parts, says Gustaf Thureborn, CEO and President of West Atlantic.At the same time, the efforts of adding new Boeing 737 routes to the network have progressed very well and we will launch two new routes during the second half of 2015 and we have already signed two new contracts for the first half of 2016.

Press Release - English

Press Release - Swedish



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