Atol Aviation Transferred to Finnish Ownership – Development of Atol Aurora Seaplane Continues

Update 14 September 2025

Scandinavian Seaplanes Oy, operating under the marketing name Atol Aviation and aiming to commercialize the first Finnish civilian aircraft, has been fully transferred to Finnish ownership.

The company’s Swedish majority owners have handed over company the debt-free to Finnish owner Anssi Rekula.

“Andreas Svensson and Oskar Samuelsson have been extremely supportive throughout the process, and I thank them for their significant contribution to the company’s development,” says Rekula.

“We can now continue the company’s operations without financial burdens and shift our focus slightly more toward defense applications, as this is essential for Finland’s national supply security.”

During the ownership transition, the company has initiated a search for venture capital to secure long-term liquidity and secure the company’s future.

Development of the Atol Aurora civilian aircraft continues, with its prototype preparation for the first flight progressing. The aircraft has already passed all static ground tests and is ready for pre-flight taxiing tests. The corporate restructuring is delaying the first flight to some extent, but regulatory reporting requirements also demand significant time at this stage.

While defense technology development is currently a priority, the greatest long-term commercial opportunities for the aircraft lie in civilian aviation. The market for light general aviation aircraft is expected to grow to approximately seven billion euros over the next eight years, with seaplanes being a particularly promising segment due to their ability to access destinations independently of airports in both winter and summer.

Simultaneously, development continues on the Atol Protector, designed for government use, and the unmanned Atol UAV. The Atol Protector is suitable for tasks ranging from surveillance and anti-submarine operations in archipelagos to missile-type bombing operations over distances exceeding 2,000 kilometers. Best of all, this is not just a project or a “paper aircraft” but an existing, proven product.