CORRECTION: - Magni Arge trading - Date of transaction 28.11.2007


Chief Executive Officer, Magni Arge's share trading was previously announced to
have been conducted by himself, but hereby corrected to be through a limited
liability company (Spf. 11.juni 2007), except for the 3 shares that were
awarded to all staff by 
Atlantic Airways P/F. 

Auðkenni útgefanda/Trade ticker:
FO-AIR
	 	 	 	 	 
Nafn útgefanda/Issuer:
Atlantic Airways P/F
	 				
Dagsetning tilkynningar/Date of announcement:
30-11-2007
 	 	 	 	 
Nafn fruminnherja/Name primary insider:
Magni Arge
	 				
Tengsl fruminnherja við útgefanda/Insider's relation with the issuer:
Chief Executive Officer
	 		 
Dagsetning viðskipta/Date of transaction:
28-11-2007
	 	 	 	 	 
Tímasetning viðskipta/Time of transaction:
0:00
				
Tegund fjármálagernings/Type of financial instrument:
Shares
	 	 	 	 	 
Kaup eða sala/Buy or Sell:
Buy

Fjöldi hluta/Number of shares:
11497
	 	 	 	 	 
Verð pr. Hlut/Price per share:
261 DKK
	 	
Fjöldi hluta í eigu fruminnherja eftir viðskipti/Primary insider's holdings
after the transaction: 
11497
	 	 	 	 	 
Fjöldi hluta sem fruminnherji á kauprétt að/Primary insider's option holdings
after the transaction: 
0
	 				
Fjöldi hluta fjárhagslega tengdra aðila eftir viðskipti/Related parties'
holdings after the transaction: 
0
	
Dagsetning lokauppgjörs*/Date of settlement*:
0
	 	
Athugasemdir*/Comments*:	 	 	 	 	 
The largest part of this trade (11.494 shares) was conducted by limited
liability company Spf. 11.juni 2007, which is wholly owned by Magni Arge. 

In addition to this, 3 shares have been awarded to Magni Arge personally by
Atlantic Airways P/F as it has done to all its employees including the board.