Pe@rson
Topic Author
Posts: 16031
Joined: Sat Jan 13, 2001 6:29 pm

Flybe To Look At Wideroe

Wed Nov 14, 2012 9:09 pm

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
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PlymSpotter
Posts: 10022
Joined: Thu Jun 17, 2004 7:32 am

RE: Flybe To Look At Wideroe

Wed Nov 14, 2012 9:40 pm

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  
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ScottishDavie
Posts: 177
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RE: Flybe To Look At Wideroe

Wed Nov 14, 2012 11:56 pm

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
 
SASDC8
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Joined: Thu Mar 09, 2006 10:01 pm

RE: Flybe To Look At Wideroe

Thu Nov 15, 2012 3:47 pm

Considering that the Norwegian government has been very clear on that WF shall remain on Norwegian hands, I seriously doubt this will ever happen.
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Humberside
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RE: Flybe To Look At Wideroe

Thu Nov 15, 2012 9:30 pm

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?
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bjorn14
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RE: Flybe To Look At Wideroe

Fri Nov 16, 2012 11:52 am

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.
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LN-KGL
Posts: 817
Joined: Sun Sep 12, 1999 6:40 am

RE: Flybe To Look At Wideroe

Fri Nov 16, 2012 12:19 pm

The Norwegian authorities can't block a sale, but Flybe with their financial situation will not be able to bid for Widerøe.
 
Someone83
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Joined: Sun Sep 17, 2006 5:47 pm

RE: Flybe To Look At Wideroe

Fri Nov 16, 2012 12:35 pm

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
 
Someone83
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Joined: Sun Sep 17, 2006 5:47 pm

RE: Flybe To Look At Wideroe

Fri Nov 16, 2012 1:52 pm

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
 
vectismanpaul
Posts: 99
Joined: Thu Apr 12, 2012 7:17 am

RE: Flybe To Look At Wideroe

Sun Nov 18, 2012 12:29 pm

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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