FinnComm to become Flybe Nordic under new JV

Flybe has confirmed that following the acquisition of a majority stake in Finnish Commuter Airlines (FinnComm), the regional carrier will be known as Flybe Nordic, once the deal – for a total consideration of €25 million plus net cash – is completed within the next four to six weeks and cleared by competition authorities.

With Flybe having a 60% stake in the joint venture and Finnair holding 40%, Flybe Nordic’s holding company board will comprise three representatives from Flybe, and two from Finnair.

In addition to the JV acquiring 100% of FinnComm, including 57% of Finncomm Training Centre (FTC) as well as small IT and charter businesses, Flybe will also make a direct purchase acquisition of 46% of Finnish Aircraft Maintenance (FAM).

The joint venture will undertake a major marketing campaign to promote the Flybe brand to business and leisure customers in Finland, as well as utilising Flybe’s ancillary revenue model with promotions, loyalty schemes and special offers.

You may be interested in...


« Back to News