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West Atlantic AB

Full company profile

uuid002341v

Namestring
West Atlantic AB
Websiteurl
westatlantic.eu
Company typeenum
Private
Founded yearint
2011
Descriptiontext

West Atlantic AB is a Sweden-headquartered for-profit aviation company operating a fleet in excess of 50 aircraft with a workforce of approximately 450 staff, generating annual turnover above €100 million. The company is privately held, was founded in 2011, and is based in Svedala, Sweden. While the precise nature of its commercial activity (passenger versus cargo operations, scheduled versus ad-hoc charter, ACMI/wet-lease versus owned-network) is not disclosed in the supplied data, the fleet size, headcount intensity, and revenue per aircraft are consistent with a regional air transport operator focused on European routes. The company's website (http://www.westatlantic.eu) returned only a loader/verification page in the data pull, so no product-level, route-level, or contractual details could be extracted.

Based on the firmographic profile — 50+ aircraft, ~450 employees, €100M+ turnover — the underlying business model appears to monetise aviation capacity via either passenger ticket sales or, more likely given fleet composition and staffing ratios typical of this scale, contracted cargo and ACMI services for integrators, postal operators, and charter customers. Revenue mechanics would be driven by block-hour rates, route-based contracts, and ancillary services such as maintenance, handling, and crew leasing. The company has not disclosed pricing models, customer logos, go-to-market channels, or technology stack in the available data, leaving segment mix and unit economics unverified. Investors evaluating West Atlantic should treat the firmographic figures as the only primary data points until management disclosures, AOC filings, or audited financials become accessible.

Short descriptiontext

West Atlantic AB is a Sweden-based, privately held aviation operator running a fleet of more than 50 aircraft with approximately 450 staff, generating over €100 million in annual turnover across European air transport services.

Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersSvedala, Sweden
HQ citystring
Svedala
HQ countrystring
Sweden
HQ regionstring
Europe
Markets served

Serves global market

Keyword5 values
air cargo services, cargo airlines, freight transportation, logistics services, aircraft operations
Industry3 codes
1Air Freight Charter Operators
CodeTHABAEADPrimaryYes
2ACMI / Wet-Lease Cargo Operators
CodeTHABAEACPrimaryNo
3Humanitarian, Relief & Government Cargo Airlift
CodeTHABAEAIPrimaryNo
NAICS code4 codes
  • Nonscheduled Chartered Freight Air Transportation481212
  • Nonscheduled Air Transportation4812
  • Scheduled Air Transportation48111
  • Air Transportation481
SIC code2 codes
  • Air Transportation, Nonscheduled4522
  • Air Transportation, Scheduled4512
Product category
Air Cargo Services
Cost components4 values
Personnel, Operations, Infrastructure, Supply Chain
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

West Atlantic AB operates a fleet of more than 50 aircraft supported by approximately 450 staff to deliver air cargo services. The company reports an annual turnover in excess of €100 million and is headquartered in Svedala, Sweden. It functions as a regional air cargo carrier serving business shippers and logistics integrators across European networks.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

The source content for West Atlantic AB displays only a website verification/loading page at http://westatlantic.eu/ with no accessible company information, products, or services.

Product and service1 record
1Air Cargo Operations
CategoryAir Cargo Services
Recent move1 record

Each record includes

Date, Type, Title, Description, Source

Peers10 records
1Swiftair
TypeDirect peer
Description

Swiftair is a Spanish ACMI and charter operator providing freight and passenger wet-lease services across Europe and North Africa, overlapping directly with West Atlantic on ACMI cargo contracts and integrator partnerships.

2Bluebird Nordic
TypeDirect peer
Description

Bluebird Nordic is an Icelandic cargo ACMI operator flying Boeing 737 freighters, with a similar freighter ACMI positioning to West Atlantic across the European and North Atlantic markets.

3Amazon Air
TypeBroad incumbent
Description

Amazon Air is Amazon's dedicated air-cargo network, operating leased and partner-provided freighter capacity across Europe and North America, comparable to West Atlantic as both a competitor for e-commerce air cargo and a potential ACMI customer.

4UPS Airlines
TypeBroad incumbent
Description

UPS Airlines is the air-operations arm of UPS, operating a global fleet of freighters on behalf of the integrator network, comparable to West Atlantic as a competitor and ACMI customer in the European parcel-air market.

5AirBridgeCargo
TypeDirect peer
Description

AirBridgeCargo operated a large fleet of Boeing 747 freighters on scheduled and charter cargo services across Europe, Asia, and the Americas, comparable to West Atlantic as a freighter-heavy ACMI/cargo airline.

6ASL Airlines Belgium
TypeDirect peer
Description

ASL Airlines Belgium is a European cargo and passenger ACMI/charter operator flying a fleet of Boeing 737 freighters and 747Fs, directly comparable to West Atlantic's Boeing-based ACMI cargo model across European postal and integrator customers.

7FedEx Express
TypeBroad incumbent
Description

FedEx Express is a global integrated express carrier operating its own freighter fleet, comparable to West Atlantic as a competing source of European air-cargo capacity and as a potential ACMI customer.

8Jet Time
TypeEmerging player
Description

Jet Time is a Danish ACMI and charter operator that has expanded into cargo flying, comparable to West Atlantic as a Nordic-based regional ACMI competitor with overlapping narrowbody freighter activity.

9DHL Aviation
TypeBroad incumbent
Description

DHL Aviation is the air-operations arm of Deutsche Post DHL, operating a global fleet of dedicated freighters and contracted ACMI capacity, comparable to West Atlantic as both a customer of and competitor to European cargo ACMI providers.

10Cargolux Airlines International
TypeDirect peer
Description

Cargolux is a Luxembourg-based all-cargo carrier operating a widebody 747F fleet on scheduled and charter freight services worldwide, comparable to West Atlantic as a European-headquartered dedicated freighter operator serving integrator and forwarding customers.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

West Atlantic AB

Air Cargo Serviceswestatlantic.eu

West Atlantic AB is a Sweden-based, privately held aviation operator running a fleet of more than 50 aircraft with approximately 450 staff, generating over €100 million in annual turnover across European air transport services.

What West Atlantic AB does

West Atlantic AB is a Sweden-headquartered for-profit aviation company operating a fleet in excess of 50 aircraft with a workforce of approximately 450 staff, generating annual turnover above €100 million. The company is privately held, was founded in 2011, and is based in Svedala, Sweden. While the precise nature of its commercial activity (passenger versus cargo operations, scheduled versus ad-hoc charter, ACMI/wet-lease versus owned-network) is not disclosed in the supplied data, the fleet size, headcount intensity, and revenue per aircraft are consistent with a regional air transport operator focused on European routes. The company's website (http://www.westatlantic.eu) returned only a loader/verification page in the data pull, so no product-level, route-level, or contractual details could be extracted.

Based on the firmographic profile — 50+ aircraft, ~450 employees, €100M+ turnover — the underlying business model appears to monetise aviation capacity via either passenger ticket sales or, more likely given fleet composition and staffing ratios typical of this scale, contracted cargo and ACMI services for integrators, postal operators, and charter customers. Revenue mechanics would be driven by block-hour rates, route-based contracts, and ancillary services such as maintenance, handling, and crew leasing. The company has not disclosed pricing models, customer logos, go-to-market channels, or technology stack in the available data, leaving segment mix and unit economics unverified. Investors evaluating West Atlantic should treat the firmographic figures as the only primary data points until management disclosures, AOC filings, or audited financials become accessible.

West Atlantic AB firmographics

Firmographics
Name
West Atlantic AB
Website
https://westatlantic.eu
Company type
Private
Founded year
2011
Headcount range
251–500 employees
Short description
West Atlantic AB is a Sweden-based, privately held aviation operator running a fleet of more than 50 aircraft with approximately 450 staff, generating over €100 million in annual turnover across European air transport services.
Ownership category
akta.pro rank

West Atlantic AB industry classification

Industry
Product category
Air Cargo Services
NAICS
Nonscheduled Chartered Freight Air Transportation (481212), Nonscheduled Air Transportation (4812), Scheduled Air Transportation (48111), Air Transportation (481)
SIC
Air Transportation, Nonscheduled (4522), Air Transportation, Scheduled (4512)
akta.pro primary industry
Air Freight Charter Operators (THABAEAD)
akta.pro secondary industries
ACMI / Wet-Lease Cargo Operators (THABAEAC), Humanitarian, Relief & Government Cargo Airlift (THABAEAI)

Keywords

  • Air cargo services
  • Cargo airlines
  • Freight transportation
  • Logistics services
  • Aircraft operations

Where West Atlantic AB is headquartered

Location

Headquarters

HQ city
Svedala
HQ country
Sweden
HQ region
Europe

Markets served

West Atlantic AB business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Supply Chain

West Atlantic AB product offering

Product offering

Core offering

West Atlantic AB operates a fleet of more than 50 aircraft supported by approximately 450 staff to deliver air cargo services. The company reports an annual turnover in excess of €100 million and is headquartered in Svedala, Sweden. It functions as a regional air cargo carrier serving business shippers and logistics integrators across European networks.

Product overview

The source content for West Atlantic AB displays only a website verification/loading page at http://westatlantic.eu/ with no accessible company information, products, or services.

Differentiator

Problem solved

Functional benefit

Products and services

  • Air Cargo Operations

Companies that use West Atlantic AB

Customer profile

Ideal customer profiles1 record

West Atlantic AB technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

West Atlantic AB partnerships and signals

Strategic signal

Recent moves1 record

West Atlantic AB competitors and assessment

Company assessment

Direct peers

  • Swiftair: Swiftair is a Spanish ACMI and charter operator providing freight and passenger wet-lease services across Europe and North Africa, overlapping directly with West Atlantic on ACMI cargo contracts and integrator partnerships.
  • Bluebird Nordic: Bluebird Nordic is an Icelandic cargo ACMI operator flying Boeing 737 freighters, with a similar freighter ACMI positioning to West Atlantic across the European and North Atlantic markets.
  • AirBridgeCargo: AirBridgeCargo operated a large fleet of Boeing 747 freighters on scheduled and charter cargo services across Europe, Asia, and the Americas, comparable to West Atlantic as a freighter-heavy ACMI/cargo airline.
  • ASL Airlines Belgium: ASL Airlines Belgium is a European cargo and passenger ACMI/charter operator flying a fleet of Boeing 737 freighters and 747Fs, directly comparable to West Atlantic's Boeing-based ACMI cargo model across European postal and integrator customers.
  • Cargolux Airlines International: Cargolux is a Luxembourg-based all-cargo carrier operating a widebody 747F fleet on scheduled and charter freight services worldwide, comparable to West Atlantic as a European-headquartered dedicated freighter operator serving integrator and forwarding customers.

Broad incumbents

  • Amazon Air: Amazon Air is Amazon's dedicated air-cargo network, operating leased and partner-provided freighter capacity across Europe and North America, comparable to West Atlantic as both a competitor for e-commerce air cargo and a potential ACMI customer.
  • UPS Airlines: UPS Airlines is the air-operations arm of UPS, operating a global fleet of freighters on behalf of the integrator network, comparable to West Atlantic as a competitor and ACMI customer in the European parcel-air market.
  • FedEx Express: FedEx Express is a global integrated express carrier operating its own freighter fleet, comparable to West Atlantic as a competing source of European air-cargo capacity and as a potential ACMI customer.
  • DHL Aviation: DHL Aviation is the air-operations arm of Deutsche Post DHL, operating a global fleet of dedicated freighters and contracted ACMI capacity, comparable to West Atlantic as both a customer of and competitor to European cargo ACMI providers.

Emerging players

  • Jet Time: Jet Time is a Danish ACMI and charter operator that has expanded into cargo flying, comparable to West Atlantic as a Nordic-based regional ACMI competitor with overlapping narrowbody freighter activity.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

West Atlantic AB social profiles

Digital presence

West Atlantic AB financial estimates

Financial estimate

Revenue estimate

Valuation estimate

West Atlantic AB leadership team

Management profile

Number of profiles

West Atlantic AB funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

West Atlantic AB M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about West Atlantic AB

What does West Atlantic AB do?

West Atlantic AB operates a fleet of more than 50 aircraft supported by approximately 450 staff to deliver air cargo services. The company reports an annual turnover in excess of €100 million and is headquartered in Svedala, Sweden. It functions as a regional air cargo carrier serving business shippers and logistics integrators across European networks.

When was West Atlantic AB founded?

West Atlantic AB was founded in 2011. It employs 251 to 500 people.

Where is West Atlantic AB based?

West Atlantic AB is headquartered in Svedala, Sweden, in the Europe region.

Who are West Atlantic AB's main competitors?

Direct peers on record are Swiftair, Bluebird Nordic, AirBridgeCargo, ASL Airlines Belgium and Cargolux Airlines International. Broad incumbents are Amazon Air, UPS Airlines, FedEx Express and DHL Aviation. Jet Time is listed as an emerging player.

Does West Atlantic AB have an API?

No public API is recorded for West Atlantic AB.

What industry is West Atlantic AB in?

West Atlantic AB's product category is Air Cargo Services. Its primary akta.pro industry code is THABAEAD, Air Freight Charter Operators, with a secondary code of THABAEAC, ACMI / Wet-Lease Cargo Operators. Its NAICS code is 481212 and its SIC code is 4522.

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Live signals
GlobeNewswireWest Atlantic AB (publ): Notice of mandatory bond exchangeWest Atlantic AB will exchange its outstanding bonds into new bonds issued by Swedish ATP Management AB, with the exchange taking place on 14 August 2019. Each existing bond of SEK 565,366 will be replaced by a new bond of SEK 608,445, including accrued interest. The exchange follows a notice to written procedure concluded on 7 May 2019.GlobeNewswireWest Atlantic AB (publ): Notice of mandatory partial prepayment at parWest Atlantic AB will make a mandatory partial prepayment of its bond loan at par, repaying SEK 261,890,100 to bondholders on 6 August 2019. The prepayment reduces the outstanding nominal amount to SEK 480,561,100, with no interest paid.GlobeNewswireWest Atlantic Ab (publ): Press release from 2019 Annual General MeetingWest Atlantic AB held its AGM on May 27 in Gothenburg, adopting 2018 financials and approving a profit allocation with no dividend. The board was reduced to four members, with Salvador Moreno Gonzales-Aller elected chairman, and Grant Thornton Sweden reappointed as auditor.GlobeNewswireWest Atlantic AB (publ): Notice of mandatory partial prepayment at parWest Atlantic AB will make a mandatory partial prepayment of its bonds at par, repaying SEK 107,548,800 to bondholders on the record date of 24 May 2019. The payment, made on 3 June 2019, reduces the outstanding nominal amount to SEK 742,451,200, with an additional EUR 25,000,000 amortization pending.GlobeNewswireWest Atlantic AB (publ) receives approval from the bondholders in the written procedure to restructuring its senior secured bond loanWest Atlantic AB's bondholders approved a restructuring of its senior secured bond loan on 15 April 2019, with 100% of votes cast in favor. The amendment terms take effect on 7 May 2019, and the company will amortize the bonds via partial prepayment, with details to be released separately.GlobeNewswireWest Atlantic AB (publ) initiates a written procedure regarding a restructuring of its senior secured bonds 2015/2019West Atlantic AB initiated a written procedure to refinance its SEK 850 million senior secured bonds, having entered a memorandum of understanding with shareholder LUSAT and major bondholders. LUSAT has subscribed for new shares and become the majority shareholder, with a temporary waiver of the put option pending bondholder approval. The procedure is open until 15 May 2019.GlobeNewswireWest Atlantic AB (publ) has entered into a memorandum of understanding with its current shareholders, LUSAT and certain major bondholders whereby LUSAT will become the new majority shareholderWest Atlantic AB entered into a memorandum of understanding with LUSAT and major bondholders, with LUSAT to become majority shareholder via a EUR 20 million equity contribution. The contribution will partially amortise the bonds, and a bondholders' meeting is scheduled by 15 April 2019.GlobeNewswireWest Atlantic AB (publ) has initiated discussions with a new potential shareholder and with certain major bondholders regarding refinancing of the GroupWest Atlantic AB initiated discussions with a new potential shareholder and major bondholders on refinancing the Group. LUSAT made an offer including an equity injection and pre-agreed assets to bondholders, with partial amortisation and transfer to a SPV. The offer is subject to bondholder and board approval.GlobeNewswireWest Atlantic AB (publ): Financial Interim Report January - December 2018West Atlantic reported Q4 revenue of MSEK 533.2, up 21% year-on-year, with EBITDA of MSEK 68.5 and EPS of SEK 0.41. Full-year revenue was MSEK 1,813.1, up 14.1%, and EBITDA MSEK 156.1, down to an 8.6% margin. The company also delivered two new aircraft and signed a new overdraft facility.GlobeNewswireWest Atlantic AB (Publ) announces change of CEOWest Atlantic AB's board replaced CEO Fredrik Groth with Lars Jordahn effective immediately. Under Groth, revenue grew nearly 50% over three years, but high costs and indebtedness prompted the change. Jordahn will lead a new phase focused on reducing leverage and improving profitability.