Norwegian has signed an agreement with WF Holding AS to acquire Widerøe, the major regional carrier in Norway.
The agreement will provide customers with a broader route network and more choices. It will also contribute to securing local jobs in Norway. Widerøe will continue to exist as a separate company with its own brand, organisation and headquarters in Bodø.
Linking Widerøe’s wide-spanning regional route network with Norwegian’s domestic and international routes, secures a customer offering with better connectivity and seamless end-to-end experience. Widerøe covers more than 40 small and medium-sized airports across Norway, in addition to a few larger airports in Europe, while Norwegian offers more than 300 routes to 114 destinations in the Nordics and in Europe.
“This is a milestone in Norwegian aviation history,” said Geir Karlsen, CEO of Norwegian. “Our two airlines have existed side by side for many years and no one knows the aviation market in Norway better. With this transaction, we will now create a streamlined and more comprehensive offer for all customers, and we look forward to offering seamless travel across our entire route networks,”
The two airlines have a very limited overlap on routes and complement each other well. Out of a total of 107 routes in Norway, out of which 85 are operated by Widerøe and 22 are operated by Norwegian, only five overlap and can all be operated with standard jet aircraft.
“Widerøe has a close to 90-year history, and we are the guarantor of a well-functioning route network in regional Norway. Although we have a solid footprint in Norway, we are smaller in an international context. The tax level for air travel in Norway is particularly high, and this, in combination with fierce international competition, makes it difficult for a smaller regional airline to persevere without a strong partner. We are therefore very happy to now join forces with Norwegian, and we are excited to get an industrial owner that aspires to develop both companies further,” said Stein Nilsen, CEO of Widerøe.
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