Nextjet granted permanent operating licence

On 30 October 2017, the Swedish Transport Agency issued a permanent operating licence to Nextjet AB, which means the company can continue to operate services after 17 November as planned.

One important part of the measures that have been implemented is a new share issue, where four shareholders have each injected share capital of 10 MSEK into the company, 40 MSEK in total. Two of these shareholders are based in Åland, Air Åland and Alandia Air, and two in Österbotten, Solving and Herrfors.

Other measures being implemented include the sale of one aircraft. Altogether, these measures will strengthen Nextjet's position by around 70 MSEK.

“We have done exactly what said we would do, and the Transport Agency has confirmed this by issuing a permanent licence. With our shareholder base and finances secured, we can now devote our complete focus to developing Nextjet services,” CEO Magnus Ivarsson says.

Bookings with Nextjet have held up and there has been strong support in the market, despite the uncertainty over our licence, which means the outlook is good for a strong finish to the year.

“Our new shareholders are not only bringing fresh capital, they will also add important new know-how. There is a clear need for an airline such as Nextjet, and with our new shareholder base, we have excellent prospects of becoming an increasingly strong organisation on the Nordic aviation market moving forwards,” Ivarsson adds.

All customers who have booked travel after 17 November will therefore be able to travel as planned with Nextjet in line with their booking.

 

Information about Nextjet shareholders

Nextjet's new shareholder base consists of strong and solvent companies. Five of the largest shareholders in Air Åland are behind the capital injection in Nextjet, namely Ålandsbanken, Åland Post, Ömsen, PAF and Eriksson Capital.

The other Åland company, Alandia Air, is owned by Eriksson Capital and whose business concept is to buy, sell and lease aircraft, while Finnish company Solving is a world leader in handling systems for heavy loads and liquids.

Herrfors is a leading regional energy company trading in both Finland and Sweden.

Nextjet CEO, Magnus Ivarsson, will remain a shareholder.



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