Greenland – Iceland New Opportunities 5th of September, Katuaq

New infrastructure - new opportunities Helicopter perspective - New cooperation's and business relationships - Strengthen labor mobility - Export of Greenlandic raw materials - Easier access to each other's markets

New opportunities for Air Greenland Business areas with growth potential Cargo Tourism Business development - Infrastructural potential

- legislative framework Cargo Present: Limitations on cargo Barriers: - critical mass In new infrastructure: - stable delivery - Faster cargo delivery - legislative framework - one way cargo => two way cargo Export of fresh fish - a potential new growth area

Tourism Present: 25% growth in Barriers: passengers on international flights Need for incoming over a three-year-period Need for accommodation Seasonal variations New infrastructure: - Increase charter opportunities - Potential for larger fleet - More capacity - lower unit cost lower competitive prices

Infrastructural potential With a new infrastructure we Barriers: will overall experience: - Fleet adjustment More frequencies - Market volume Increased capacity - Seasonal variations Greater accessibility

Keep in mind - Is Greenland ready for the competition? - Can we handle a dynamic workforce? Stimulation of the growth potential outside Nuuk, Ilulissat and Qaqortoq Need for partnerships The new infrastructure will also bring new barriers - the Domestic route network will change fundamentally

A new domestic route network

Qujanaq - Thank you Barriers are there to be challenged – opportunities are there to be exploited