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Nordic Regional Airlines

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Flybe Nordic
File:Flybe logo.svg
IATA ICAO Call sign
FC FCM FINNCOMM
Founded2011
HubsHelsinki-Vantaa Airport
Focus citiesTallinn Airport
Fleet size15 (+3 orders)
Destinations23
Parent companyFlybe Nordic (Finnair Oyj 40%, Flybe Group Plc 60%)
HeadquartersSeinäjoki Airport
Ilmajoki, Finland
Websitewww.fc.fi

Flybe Nordic is an airline, jointly owned by Flybe and Finnair, and planned to start operations on 30 October 2011.

History

The airline was announced on 1 July 2011, when Flybe and Finnair revealed plans to jointly purchase Finnish Commuter Airlines (FCA) and rebrand the airline Flybe Nordic, with Flybe and Finnair each holding a stake in the new entity.[1] Under the terms of the agreement, contingent on approval by regulatory authorities, the purchase price of FCA was €25 million, of which Flybe would pay €12 million and Finnair €13 million.[2] Flybe is to have a majority stake in Flybe Nordic, holding a 60% stake in the airline, with Finnair holding the remaining 40%; Flybe will have three seats on the new airline's board of directors with Finnair having the other two.[2] Flybe planned to invest a total of €23.6 million into the new airline, including expenses such as loan repayments in addition to the purchase price of FCA.[3]

At the time of the announcement of Flybe Nordic's creation, Flybe planned to begin operating the new airline on 1 August 2011, with the FCA name being phased out,[1] though the start date was later pushed back to 30 October.[4] A new route network was also planned to be announced in mid-August.[2]

Destinations

On 24 August 2011, Flybe Nordic announced its first 24 routes, including both former Finncomm routes as well as new ones, flying to the following destinations:[5]

Fleet

Flybe Nordic will begin operations with nine ATR 72s previously operated by FCA, as well as four ATR 42s and two Embraer 170s, with three ATR 72s on order.[1] The ATR 72s will be owned by Finnair, which plans to buy them from FCA at a cost of €104 million, and leased to Flybe Nordic, as will the Embraer 170s, previously owned by Finnair.[1] The ATR 42s will be owned by Finncomm, FCA's parent company, and also leased to Flybe Nordic.[1] Not yet information about painting.

Flybe Nordic fleet includes the following aircraft (as of 25 August 2011):[6]

Finncomm Airlines Fleet
Aircraft In Fleet Orders Passengers
ATR 42-500 4 0 48
ATR 72-500 9 3 68–72
Embraer E170 2 0 76
Total 15 3

References

  1. ^ a b c d e "New Nordic carrier to emerge from Flybe-Finnair tie-up". Flightglobal.com. 1 July 2011. Archived from the original on 4 July 2011. Retrieved 5 July 2011.
  2. ^ a b c "Flybe, Finnair To Acquire A Nordic Airline". Aviation Week. 1 July 2011. Retrieved 5 July 2011.
  3. ^ "UPDATE 2-Finnair, Flybe to buy Finnish regional carrier". Reuters UK. 1 July 2011. Archived from the original on 4 July 2011. Retrieved 4 July 2011.
  4. ^ "Flybe Nordic Starts Operating 30 October". Scandasia.com. 25 August 2011. Archived from the original on 25 August 2011. Retrieved 25 August 2011.
  5. ^ "Flybe Nordic routes announced". Business Traveler. 24 August 2011. Archived from the original on 25 August 2011. Retrieved 25 August 2011.
  6. ^ Finncomm Airlines Destinations
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