Norwegian Air Shuttle signed an MOU with Finnair for acquisition of the latter's Swedish subsidiary FlyNordic, the carriers announced yesterday. The transaction will take place during the second quarter and is subject to regulatory clearance. FlyNordic will maintain its brand and continue to operate a low-fare service. "Norwegian has since the start in 2002 become Scandinavia's largest low-fare airline. This acquisition will strengthen our position in the Nordic region as well as in the ...

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