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Flybe Nordic venture given green light

23 August 2011

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).


Flybe buys Finnish airline for £22.7M

4 July 2011

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.