In 2017, West Atlantic committed to take four Boeing converted B737-800BCF, with first aircraft being scheduled for delivery in the second quarter of 2018.
West Atlantic can now announce that a long term agreement is in place to operate all committed aircraft on behalf of an express logistic provider in its current EU-network. The capacity will be phased in as the aircraft are being delivered, with the last aircraft entering service in the first quarter of 2019.
"We are delighted and proud to have secured a long term home for our Next Generation fleet in our core market" stated West Atlantic's CEO Fredrik Groth, adding "we will now focus all efforts to leverage the NG's technological advance and efficiency to deliver an excellent service. We are confident that West Atlantic is well positioned in the market going forward being in the forefront of the Next Generation programme."
For further information, please contact:
Fredrik Groth, CEO
Telephone: +46 (0) 10-452 97 09
E-mail: Fredrik.Groth@westatlantic.eu
This information is information that West Atlantic AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 2018-03-21, 08.00 CET.
About West Atlantic
The West Atlantic Group is one of the market leading providers of dedicated airfreight services to European NMO's and airfreight capacity to Global Integrators and Freight Forwarders. The Group has a well-established geographic network and operates a customised aircraft fleet, whereof a majority is wholly owned. West Atlantic was founded in 1962 and is headquartered in Gothenburg, Sweden. Operations are performed all over Europe and 2017 West Atlantic had 459 employees. For 2017 West Atlantic reported revenues of MSEK 1,589 and EBITDA of MSEK 126.
West Atlantic AB (publ) Org. no: 556503-6083, Box 5433, SE-402 29 Gothenburg, Sweden
Investor Relations: investor.relations@westatlantic.eu Webpage: www.westatlantic.eu
Attachment:http://www.globenewswire.com/NewsRoom/AttachmentNg/4297d541-199c-4c70-b71d-2d4bad617887
