Thursday, November 15, 2012

flybe interested in Wideroe acquisition

Wideroe Dash 8 in Bodo, one of the most important airports in the Wideroe network.

The UK regional carrier flybe is interested in acquisition of the Norwegian commuter airline Wideroe´s Flyveselskab. Wideroe is currently fully owned by SAS Scandinavian Airlines, but SAS has announced to sell Wideroe, SAS Ground Handling, engines and further property. In total, SAS plans to raise around USD 440 million USD through this. How much they expect for Wideroe, is not been published. Wideroe is operating an fleet of various Dash 8 on regional air routes and as fell on PSO flights. A high percentage of Wideroe flights are operated in an PSO agreement. The airline has an important role in the domestic Norwegian hub-and-spoke system by SAS. The airline has fixed assets worth total USD 250 million and is profit-making.

Flybe has now announced plans to acquire Wideroe. Flybe also operates an huge number of Dash 8 an is already well seasoned with regional operations. It has recnetly acquired Finnish commuter airline Finncomm Airlines and has rebranded it as flybe nordic. If flybe should acquire Wideroe, it is to hope, that they will keep the popular Wideroe brand, which is in use since several dozen of Years.

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