I am writing to let you know about a new journal: Advances in Operator Theory.
This is good news! There is certainly room for another very good journal in operator theory. Naturally, this journal will be open access, and, obviously, there will be no author fees (page charges, or whatever you want to call that). So this is just the kind of journal we need, granted that it will be able to maintain a high standard and slowly build its reputation.
The first step in establishing a reputation is achieved: AOT has a respectable editorial board, with several distinguished members.
The founding editor-in-chief is Mohammad Sal Moslehian, who has been making efforts on the open access front at least since he launched the Banach Journal of Mathematical Analysis, roughly ten years ago. The BJMA is a good example of an electronic journal that started from scratch, and slowly worked its way to recognition (e.g., is now indexed by MathSciNet, etc.). I hope AOT follows suit, and hopefully will do even better; I believe it should aim to be at the level of Journal of Operator Theory, so that it can relieve JOT of a part of the load.
(Too bad that the acronym AOT, when spelled out, sounds very much like JOT. This will certainly lead to some confusion…)