Norwegian to acquire regional carrier Wideroe

Sunday, 06 Jul, 2023 0

Norwegian has inked an airline acquisition deal to buy Norway regional carrier Widerøe.

Widerøe will continue as a separate company maintaining its own brand name and headquarters in Bodø.

Widerøe flies to more than 40 small and medium-sized airports across Norway, as well as on some international routes in Europe.

The airline acquisition is worth about NOK1.12 billion ($106 million).

“This is a milestone in Norwegian aviation history. No one knows the aviation market in Norway better,” said Geir Karlsen, Norwegian CEO.

“With this transaction, we will now create a streamlined and more comprehensive offer for all customers.”

It says the acquisition will generate annual cost savings of up to NOK300 million.

Widerøe is Norway’s oldest aviation group and has a fleet of nearly 50 aircraft.

It has a market share of about 20% of the Norwegian domestic market.

“The agreement will facilitate more efficient operations that lay the foundation for a strong Norwegian aviation industry.”

Employees will remain in their existing companies and Widerøe will continue existing agreements with other airlines.

The Widerøe workforce numbers more than 3,500 employees.

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