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Topic: Flybe To Look At Wideroe
Username: Pe@rson
Posted 2012-11-14 13:09:05 and read 1577 times.

Intriguingly, flybe is to look at Wideroe, the turboprop-operating airline from Norway and which has many PSO routes, given SAS has said that it will divest the operator. This does not, of course, necessarily mean anything at all. Anyway, SAS anticipates $443m from selling Wideroe and various things related thereto. flybe said: "We are always looking for opportunities to expand in Scandinavia, the Nordics and the Baltics. We will now look at the opportunities that have opened up in Norway with Wideroe going up for sale".

http://uk.reuters.com/article/2012/1...rway-wideroe-idUKBRE8AD0CP20121114

Topic: RE: Flybe To Look At Wideroe
Username: PlymSpotter
Posted 2012-11-14 13:40:36 and read 1577 times.

That's a great one, nobody in their right mind is going to pour that much money into an acquisition by FlyBe. Look at the lengthy delay they had receiving the ERJ 175s because their preferred finance streams upped and ran when approached for similar sums.


Dan  

Topic: RE: Flybe To Look At Wideroe
Username: ScottishDavie
Posted 2012-11-14 15:56:49 and read 1577 times.

Pray to any deity in which you believe that this comes to nothing. The idea of WF's generally decent reliability and service standards being dragged down to BE's level is too awful to contemplate

Topic: RE: Flybe To Look At Wideroe
Username: SASDC8
Posted 2012-11-15 07:47:04 and read 1576 times.

Considering that the Norwegian government has been very clear on that WF shall remain on Norwegian hands, I seriously doubt this will ever happen.

Topic: RE: Flybe To Look At Wideroe
Username: Humberside
Posted 2012-11-15 13:30:05 and read 1578 times.

How could the Norweigan's stop Wideroes being sold to a non-Norweigan EEA bidder? Norway follows all EU takeover/ownerships policies doesn't it?

Topic: RE: Flybe To Look At Wideroe
Username: bjorn14
Posted 2012-11-16 03:52:10 and read 1576 times.

Quoting Humberside (Reply 4):
How could the Norweigan's stop Wideroes being sold to a non-Norweigan EEA bidder? Norway follows all EU takeover/ownerships policies doesn't it?

As the government is part owner of WF I believe it can legally block the sale. I've heard an employee ownership group has the inside track.

Topic: RE: Flybe To Look At Wideroe
Username: LN-KGL
Posted 2012-11-16 04:19:48 and read 1576 times.

The Norwegian authorities can't block a sale, but Flybe with their financial situation will not be able to bid for Widerøe.

Topic: RE: Flybe To Look At Wideroe
Username: Someone83
Posted 2012-11-16 04:35:03 and read 1576 times.

Quoting SASDC8 (Reply 3):
Considering that the Norwegian government has been very clear on that WF shall remain on Norwegian hands, I seriously doubt this will ever happen

No they haven't, they said it should be sold to the highest bidder. Prefering it to be Norwegian is another thing

Quoting Humberside (Reply 4):
How could the Norweigan's stop Wideroes being sold to a non-Norweigan EEA bidder?

They can't

Quoting bjorn14 (Reply 5):
As the government is part owner of WF I believe it can legally block the sale.

It's the government forcing SAS to sell Widerøe....to the ones with the highest bid

Topic: RE: Flybe To Look At Wideroe
Username: Someone83
Posted 2012-11-16 05:52:11 and read 1576 times.

According to Norwegian media, Per G Braathens, the owner of Braathens Aviation which own Malmø Aviation and Sverigeflyg, might be interested in buying Widerøe if th eprice is right

Topic: RE: Flybe To Look At Wideroe
Username: vectismanpaul
Posted 2012-11-18 04:29:05 and read 1575 times.

Might be an idea to look at Gatwick-Manchester first!! I doubt if Flybe have resources or appetite for another acquisition at the moment. Personally I would prefer to see them concentrating on becoming more competitive and aggressive in their current markets, rather than all the retreating we are seeing at the moment.
V.


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