It was the second airline of Faroe Islands, the other one being Atlantic Airways.
Currently, membership is restricted to pilots from Virgin Atlantic Airways.
In the 1980s the company also developed its airborne maritime surveillance division which operated until 1989 as Atlantic Airways.
Though load factors were high and the new service was popular, Atlantic Airways had a turbulent beginning economically.
Atlantic Airways would not become profitable until 1995.
Atlantic Airways employed 177 people at January 2007.
Until 2004 Maersk Air operated some flights in the airport along with Atlantic Airways.
Nigerian institutional investors own 51% of the company and Virgin Atlantic Airways owns 49%.
Apparently Atlantic Airways had problems with these adjustments in September.
There are sporadic charters of fishermen operated by Atlantic Airways.