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Icelanders Shopping More Finnair  
User currently offlineAndaman From , joined Dec 1969, posts, RR:
Posted (8 years 3 months 1 week 4 days 20 hours ago) and read 1111 times:

Today tv news told that Icelandic financing groups together owns now about 20 per cent of Finnair, the owners of IcelandAir are behind the latest shopping. Perhaps some bigger plans behind this?

4 replies: All unread, jump to last
 
User currently offlineGeorgiabill From United States of America, joined Mar 2003, 572 posts, RR: 0
Reply 1, posted (8 years 3 months 1 week 4 days 20 hours ago) and read 1101 times:
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Does this mean Iceland Air may select Airbus for any future fleet growth?

User currently offlineSabena332 From , joined Dec 1969, posts, RR:
Reply 2, posted (8 years 3 months 1 week 4 days 20 hours ago) and read 1092 times:

Quoting Georgiabill (Reply 1):
Does this mean Iceland Air may select Airbus for any future fleet growth?

What?

Patrick


User currently offlinePrebennorholm From Denmark, joined Mar 2000, 6286 posts, RR: 54
Reply 3, posted (8 years 3 months 1 week 4 days 19 hours ago) and read 1059 times:

Quoting Georgiabill (Reply 1):
Does this mean Iceland Air may select Airbus for any future fleet growth?

The Icelandair holding company already owns Sterling 100% with some 30+ Boeing planes. So they have practically as many Boeing planes as Finnair has planes in total.

A 20% stake in Finnair is not a controlling stake.

It looks more like a strategic move with the aim to get better control of the Finnish charter market plus what charter business Finnair does in Sweden, and streamline it with the heavy Icelandic involvement in Danish and Norwegian charter business.

It may also mean that the scheduled services by Sterling, which was mostly inherited from former Maersk Air, will be better streamlined with FlyNordic, the Finnair LCC subsidiary.

It could also mean at a later stage that Sterling and FlyNordic would simply merge with Icelandair Holding and Finnair as fifty/fifty owners.



Always keep your number of landings equal to your number of take-offs, Preben Norholm
User currently offlineAndaman From , joined Dec 1969, posts, RR:
Reply 4, posted (8 years 3 months 1 week 4 days 19 hours ago) and read 1040 times:

Quoting Prebennorholm (Reply 3):
It could also mean at a later stage that Sterling and FlyNordic would simply merge with Icelandair Holding and Finnair as fifty/fifty owners.

That sounds logic.


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