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Nordic Regional Airlines

Nordic Regional Airlines
NordicRegionalAirlinesLogo.jpg
IATA ICAO Callsign
AY FIN FINNAIR
Founded 2011 (as Flybe Nordic)
Commenced operations May 2015
(as Nordic Regional Airlines)
Hubs Helsinki Airport
Frequent-flyer program Finnair Plus
Alliance Oneworld (affiliate)
Fleet size 23
Destinations 35
Parent company Finnair
Headquarters Vantaa, Finland
Website flynorra.com

Nordic Regional Airlines Oy, trading as Norra (often stylized as N°RRA) and previously known as Flybe Nordic, is a Finnish regional airline and a subsdiary of Finnair.

The airline began operations as Flybe Nordic on 20 October 2011 as a joint venture between Flybe and Finnair, following their acquisition of Finncomm Airlines. Flybe sold its 60% to Finnair as a temporary solution at a price of one euro (€1) in March 2015. Ownership negotiations with StaffPoint and G.W. Sohlberg are still under way. The airline has operated under Finnair's flight code since 1 May 2015. The company's head office and operations centre is located in Vantaa, Finland, near Helsinki, while the office in Seinäjoki houses the company's financial division.

The creation of 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. 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. Flybe has a majority stake in Flybe Nordic, holding a 60% stake in the airline, with Finnair holding the remaining 40%; Flybe has three seats on the airline's board of directors with Finnair having the other two. 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.

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, though the start date was later pushed back to 30 October. A new route network was also planned to be announced in mid-August.

Flybe announced in November 2014 that it would sell its 60% stake in the airline for €1, in an attempt to reduce group costs. In February 2015 the Finnish Competition and Consumer Authority approved the sale of its stake (60%) to StaffPoint Holding and G.W. Sohlberg. Flybe sold its 60% to Finnair as a temporary solution at a price of one euro (€1) in March 2015. Ownership negotiations with StaffPoint and G.W. Sohlberg are still under way. The airline has operated under Finnair's flight code since 1 May 2015. In May 2015 Flybe Nordic was rebranded as Nordic Regional Airlines, Norra.


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