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UK regional carrier Flybe and Finnair have completed their joint acquisition of Finnish Commuter Airlines.

This will result in the creation of Finland-based carrier Flybe Nordic.

The two carriers formed a joint venture in July to acquire Finnish Commuter Airlines from owner Finncomm for a total of €25 million ($36 million).

source: flightglobal.com

Budget airline Flybe has laid down a marker in its quest to dominate Europe’s regional routes by acquiring a Finnish regional carrier in a €25m (£22.7m) deal.

Exeter-based Flybe has bought Finnish Commuter Airlines in a joint venture with Finnair, Finland’s national carrier.

The deal came a day after Flybe announced a pre-tax loss of £4.3m last year following last April’s Icelandic volcano eruption and severe winter weather.

source: Guardian.co.uk