andaman
Posts: 2271
Joined: Wed Oct 05, 2005 5:29 am

Icelanders Shopping More Finnair

Fri Jan 06, 2006 8:15 am

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?
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georgiabill
Posts: 743
Joined: Sat Mar 01, 2003 11:53 pm

RE: Icelanders Shopping More Finnair

Fri Jan 06, 2006 8:18 am

Does this mean Iceland Air may select Airbus for any future fleet growth?
 
Sabena332
Posts: 14938
Joined: Wed May 09, 2001 3:57 am

RE: Icelanders Shopping More Finnair

Fri Jan 06, 2006 8:21 am

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

What?

Patrick
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prebennorholm
Posts: 6409
Joined: Tue Mar 21, 2000 6:25 am

RE: Icelanders Shopping More Finnair

Fri Jan 06, 2006 8:42 am

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.
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andaman
Posts: 2271
Joined: Wed Oct 05, 2005 5:29 am

RE: Icelanders Shopping More Finnair

Fri Jan 06, 2006 8:50 am

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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