Danish Air Transport becomes Norra’s majority shareholder

posted on 30th August 2018 by Justin Burns
Danish Air Transport becomes Norra’s majority shareholder

Danish Air Transport (DAT) has acquired 60 per cent of Nordic Regional Airlines (Norra) from Finnair – which had held a 100 per cent stake on an interim basis after the previous owners who had held 60 per cent of shares exited the business in November 2017.

Finnair continues to own 40 per cent of the company. The transaction has no impact on Norra’s operations, personnel or purchase agreement between Finnair and Norra.

Norra operates Finnair’s domestic and European routes with 24 ATR and Embraer aircraft.

Finnair’s chief operating officer, Jaakko Schildt said: “Finnair’s and Norra’s partnership model in domestic and regional purchase traffic has served us well, and the Danish Air Transport will strengthen the partnership even more. They have solid experience in operating regional traffic with an ATR-fleet.”

DAT director, Jesper Rungholm said there are great opportunities in the strategic partnership.

He added: “We can strengthen our technical and operational knowledge. The companies have the same size and both flies with ATR aircraft, which gives operating and purchasing advantages.

“With our knowledge on scheduled and charter flights, together with Norra’s knowhow, we can develop the business together. And with new options on the Embraer 190 aircraft, that fits into our niche charter production.”

The transaction requires approval by the Finnish Competition and Consumer Authority.