Management changes in Blueway - Blueway

Johnny Skoglund, the Deputy CEO of Blueway AS and CEO of Airlift AS, will take over as the CEO in Blueway AS. Mr. Skoglund has long leadership experience from SAS and Braathens, including the role of Deputy CEO in SAS Norge. Thus, Jakob Bae ends his interim period as CEO in Blueway AS, and continues in his position as head of the Offshore Business Area. Mr. Bae is the former longstanding CEO in Helikopter Service / CHC Helikopter Service.

New CEO in Airlift AS will be Freddy Eriksen. Mr. Eriksen comes from the position as CEO in COOR Service Management AS, and has broad leadership experience from, among others, SAS and Braathens. Mr. Eriksen will also be heading the Onshore Business Area, and is thereby included in the group management of Blueway AS.

Dag Johan Sætre has been hired as Technical Director in Blueway AS and head of Blueway Helicopter. Mr. Sætre is former Project Director in CHC Helikopter Service, and has previously been Technical Director in CHC Norway, CHC Europe and Norsk Helicopter AS.

- These changes in the group management were planned and a prerequisite when Jakob Bae accepted the position as interim CEO for a period from June 2011. We are very happy and grateful for the work Jakob has conducted in this period, says Chairman in Blueway AS, Aage Krog.

For further comments, please contact:
Aage J. Krog, Chariman, tel. number: +47 900 23 694
Johnny Skoglund, CEO, tel. number: +47 417 23 000

Facts about the Blueway Group
Blueway has provided helicopter services since 1986. The company is leading in Northern Europe within several advanced helicopter based services to a wide range of industries. Blueway operates a fleet of 26 helicopters and offers specialized services to the following sectors: Offshore, Infrastructure, Environment and Search & Rescue (SAR). The Offshore business constitutes about 60 percent of the Groups total revenues, about 30 percent comes from Infrastructure and Environment, and about 10 percent comes from Search & Rescue. The Group’s subsidiaries operate under the following brands: Blueway Offshore, DanCopter, Airlift (infrastructure, environment and search & rescue for the Norwegian government), and Vertech Offshore. Blueway operates in Norway, Sweden, Denmark, Finland and Nigeria. Additionally, Vertech Offshore offer their services globally.