Finnair acquires Flybe Nordic on an interim basis

Finnair has acquired Flybe UK Ltd’s 60% ownership of Flybe Nordic for a transaction price of €1, and Flybe Nordic will transfer to Finnair’s ownership on an interim basis. The transaction closed on March 31, 2015. Finnair continues discussions about the continued ownership of Flybe Nordic. On January 7, 2015 Finnair and StaffPoint Holding Ltd and G.W. Sohlberg Ltd. signed a Memorandum of Understanding about an arrangement according to which Staffpoint and GWS would own together 60% of Flybe Nordic shares. “Last November Finnair and Flybe UK decided to discontinue their Flybe Nordic co-operation and agreed, that Flybe UK will