Finnair (Helsinki) has announced the sale of Flybe’s (Exeter) 60% share in Flybe Nordic has been approved. The airline issued this statement:
The Finnish Competition and Consumer Authority has approved the transaction in which Flybe UK Ltd’s 60% ownership of Flybe Nordic venture will be transferred to StaffPoint Holding Ltd and G.W. Sohlberg Ltd (GWS) . The letter of intent on this transaction was announced on January 7, 2015. Upon completion of the sale, StaffPoint’s ownership in the joint venture will be 45%, GWS’s 15% and Finnair’s 40%. The transaction is expected to be closed in early February 2015.
Flybe Nordic owns fully the Finnish subsidiary Flybe Finland, which is in charge of Finnair’s regional airline operations. Flybe Finland currently operates to a number of domestic and European destinations from Helsinki on behalf of Finnair on a contract-flying basis. In addition, Flybe Finland operates to five domestic destinations as well as Tartu, Estonia and Norrköping, Sweden at its own commercial risk.
Will the Flybe Finland brand now be changed to a new name? Flybe Finland was formerly FinnComm Airlines.
Copyright Photo: Ton Jochems/AirlinersGallery.com. Flybe Finland’s ATR 72-212A (ATR 72-500) OH-ATG (msn 757) sits on the ramp at the Helsinki (HEL) base.
Video: A time lapse full flight window view of a flight from Edinburgh to Birmingham, onboard Flybe Embraer ERJ 175 G-FBJE, operating flight BE 852 on October 31, 2014.