Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
FL Group (Icelandair) Now Interested In Sterling  
User currently offlineNorthernlights From Iceland, joined May 2004, 87 posts, RR: 1
Posted (8 years 10 months 2 weeks 5 days 17 hours ago) and read 2192 times:

Now some very interesting news from the Far North...

Icelandair´s parent holding company FL group is now interested in purchasing Sterling Airways from Icelandic investment company Fons Ehf !!!  bigthumbsup 

Fons, which very recently purchased Danish airlines Sterling Airways and Maersk Air, is now in negotiations with the FL group regarding the takeover of Sterling by the FL group.

It is rumoured that Fons has plans into making out of Sterling a transatlantic low cost airline that would fly directly between Europe (CPH) and the USA. The FL group with Icelandair do not want another Nordic competitor on the lucrative translatlantic market, and thus they want to buy Sterling now from Fons. A scenario could be that the FL group will start with Sterling low cost flights from Europe to the USA in order to compete with SAS and to press them out of the market. It is said that SK of course would break all the ties with Icelandair as soon as the FL group has acquired Sterling Airways. A dream scenario for the FL group would then be to become the major player on the Scandinavian market...

Sterling Airways, along with Maersk Air, is now already giving fierce competition to SAS on the european markets.

The source of the above mentioned news is:
http://www.mbl.is/mm/vidskipti/frett.html?nid=1158276


Has anyone got more news about this?

6 replies: All unread, jump to last
 
User currently offline747400F From , joined Dec 1969, posts, RR:
Reply 1, posted (8 years 10 months 2 weeks 5 days 17 hours ago) and read 2147 times:

Interesting, especially seen in the light that FI allready owns about 13.1% of easyjet!

User currently offlineCV747 From Iceland, joined Jan 2000, 170 posts, RR: 1
Reply 2, posted (8 years 10 months 2 weeks 5 days 11 hours ago) and read 2030 times:

Quoting Northernlights (Thread starter):
It is said that SK of course would break all the ties with Icelandair as soon as the FL group has acquired Sterling Airways. A dream scenario for the FL group would then be to become the major player on the Scandinavian market...

Would not be the first time!
Loftleidir, which is now part of Icelandair was the first true low cost airline. (Not South West) In the sixties SAS tried everything they could to have Loftleidir stopped, but it did not work. I will be interrested to see what happens.
 Big grin


User currently offlineCV747 From Iceland, joined Jan 2000, 170 posts, RR: 1
Reply 3, posted (8 years 10 months 2 weeks 5 days 11 hours ago) and read 2012 times:

But, that means also that Icelandair is killing Island Express!
Fons are the owners and founders of Island Express which is being merged with Sterling. This means Icelandair has managed to become a monopolist once again.

 banghead 


User currently offlineOrion737 From , joined Dec 1969, posts, RR:
Reply 4, posted (8 years 10 months 2 weeks 5 days 11 hours ago) and read 2012 times:

FI seems hell bent on growth and as it has only so many opportunities on its home turf its seems to want to gets its claws into other airlines.

User currently offlineNorthernlights From Iceland, joined May 2004, 87 posts, RR: 1
Reply 5, posted (8 years 10 months 2 weeks 5 days 8 hours ago) and read 1965 times:

Quoting CV747 (Reply 3):
But, that means also that Icelandair is killing Island Express!
Fons are the owners and founders of Island Express which is being merged with Sterling. This means Icelandair has managed to become a monopolist once again.

Just to remind you: Iceland Express has not merged with Sterling and Maersk Air at all. The two Danish airlines do merge, the effects of this merge were known later today this afternoon: the merger causes job losses with a figure of 230 jobs for Sterling. Source: http://www.mbl.is/mm/vidskipti/frett.html?nid=1158361

Just now on the TV news was also anounced that Fons apparently acquired Sterling and Maersk Air in order to offer the FL Group an interesting package to buy. It could have been that it was never the intention of Fons to hold on to these airlines, and what might even be more hilarious (but this is just my personal thought): maybe the FL group has been in this little scheme all along!  Wow!


User currently offlineBDKLEZ From Ireland, joined Jun 2005, 1735 posts, RR: 10
Reply 6, posted (8 years 10 months 2 weeks 5 days 8 hours ago) and read 1967 times:

Quoting 747400F (Reply 1):
FI allready owns about 13.1% of easyjet!

FI doesn't, it's the FL Group (FI's parent) which owns the stakeholding.

http://www.flgroup.is/en/news/detail/store1/item129/



Trespassers will be shot; survivors will be shot again!
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
FL Group (Icelandair) Buys Sterling posted Sun Oct 23 2005 21:32:24 by CPH757
Icelandic FL Group Sells All Its Shares In Easyjet posted Wed Apr 5 2006 13:39:07 by Concorde001
Texan Group Interested In Buying Stake In RG posted Tue May 3 2005 19:31:00 by PPVRA
Frontier Interested In Similar Partnerships posted Thu Dec 7 2006 20:56:43 by AirEMS
Air Canada 777's Now Loaded In Skeds posted Wed Nov 29 2006 01:29:03 by RP TPA
Finnair Interested In Buying Parts Of SK posted Fri Sep 29 2006 14:04:43 by LordHowe
Larger Aircraft Now Allowed In Pullman-Moscow posted Mon Aug 21 2006 01:54:34 by AirlineBrat
US Airways Interested In Merging With DL Or NW posted Fri Jun 30 2006 13:37:44 by Justapassenger
Reports: SU Interested In AZ Linkup-AZ Stock Up 10% posted Thu Jun 29 2006 17:03:53 by Nycfly75
Qantas Interested In 748 Dixon Says posted Wed Jun 21 2006 22:21:03 by BoomBoom