Two airlines and more destinations
With a new runway, a new airport reconstruction completed and a staggering 24 per cent growth in traffic figures over the last three years, Vagar Airport on the Faroe Islands can now look to the future.
For Vagar Airport, a healthy financial operation is pivotal. And with the new airport the conditions for a steady income and profit are considerably improved.
“In short, this gives us better opportunities to run a healthy business,” CEO Jákup Sverri Kass says.
He is looking forward to starting this new chapter in the airport’s history. “The reconstruction is completed and now we can really start to work on making some sales,” he explains.
Two airlines ten years from now
Today Atlantic Airways is the only airline using Vagar Airport for regular passenger routes. Atlantic Airways has destinations to neighboring countries and recently also to destinations in Southern Europe. But Jákup Sverri Kass’ biggest expectation is that the airport can have more direct routes than today. And he expects this to happen in the not so distant future.
“With regularity-figures are at a record high due to investments in new instruments, my biggest vision for the future is that we will have more direct routes. Foreign airlines are increasingly flying ad hoc charters and some have shown a specific interest in establishing a route to Vagar before, and I envisage two different airlines – one Faroese and one foreign – with Vagar Airport as a whole year destination in ten years’ time at the latest,” said Jákup Sverri Kass, who has been CEO since April 2012.
A good start
The chief executive is delighted to see the new airport completed.
“A journey starts by leaving home, and with the new terminal we can give travelers a good start to their journey,” he says.
In 2013, Vagar Airport had 236,564 passengers, and the number of passengers outgrew the capacity of the terminal several years ago.
“Since the offshore industry started some 15 years ago, expansion has been needed. Before that, the travel pattern was quite simple, but that has changed in recent years and an expansion has been absolutely necessary,” CEO Kass says.