Danish Air Transport (DAT) acquires 60 % of Nordic Regional Airlines AB (Norra) from Finnair, which held the 100 % stake in Norra on an interim basis after Norra’s previous owners who held 60 % of shares exited the business in November 2017.
Finnair continues to own 40 % of the company. As such, the transaction has no impact on Norra’s operations, personnel or purchase agreement between Finnair and Norra.
Norra operates Finnair’s domestic and European routes with a total of 24 ATR and Embraer aircraft.
“Finnair’s and Norra’s partnership model in domestic and regional purchase traffic has served us well, and the Danish Air Transport will strengthen the partnership even more. They have solid experience in operating regional traffic with an ATR-fleet”, says Jaakko Schildt, Finnair’s Chief Operating Officer.
“We know there are great opportunities in a strategic partnership. We can strengthen our technical and operational knowledge. The companies have the same size and both flies with ATR aircraft, which gives operating and purchasing advantages. With our knowledge on scheduled and charter flights, together with Norra’s knowhow, we can develop the business together. And with new options on the Embraer 190 aircraft, that fits into our niche charter production,” says Jesper Rungholm, Director in DAT.
The transaction requires approval by the Finnish Competition and Consumer Authority.