Air Transport World

Norwegian Air Shuttle.(EUROPE Report)(Air Shuttle acquires Finnair Oy)(Brief article)

Norwegian Air Shuttle will acquire Finnair's low-fare Swedish subsidiary FlyNordic via a stock swap under an MOU signed in late April. In exchange, Finnair will receive ordinary shares and stock options in Norwegian that could result in Finnair owning 10% of the Oslo-based LCC if all options are exercised. …

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