FaroeJet was founded by private companies and investors on 17Dec2005 & was based in Vágar Airport on the island of Vágar of Faroe Islands. The first flight was carried out on 15May2006, with an Avro RJ100 between Copenhagen and Vagar. However, in Dec2006, the airline declared bankruptcy & ceased all operations on 15Dec2006, because of financial problems. Ceased business on 01Jan2007
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