Norwegian and OSM Aviation sign agreement
Airline News
The two companies aims to expand global presence and increase competitiveness by securing local expertise and creating new employment opportunities
Norwegian Air Resources Holding (NARH) and OSM Aviation have signed global partnership to develop new aviation crew career opportunities and management strategy, increase competitiveness and global expansion. According to the agreement terms, NARH will acquire 50 per cent of OSM Aviation.
Currently, OSM Aviation employs, trains and manages more than 1,000 Norwegian crew members in countries like Sweden, Finland, UK, Spain and the US. Under the new agreement, there will be no changes of the conditions of employment for pilots and cabin crew.
“By joining forces, OSM Aviation will become one of the world’s leading companies for employment and management of crew in global aviation. For more than two years we have had a fruitful and professional relationship with OSM Aviation. Together we will build an even stronger global presence and competitiveness for further expansion in new markets," CEO of NARH, Krister Aarnio declared.
The agreement awaits for The European Commission approval under the EU Merger Regulation. The joint company will also acquire a 49 per cent stake in Norwegian’s companies in Spain, Finland and the UK by the end of June 2016.
“This is an important milestone for us. Through this partnership we will further strengthen our global position as a leading and an attractive employer and a professional provider of quality, competence and human resources to our customers,” CEO of OSM Aviation, Espen Hoiby, concluded.
Norwegian Air Resources Holding (NARH) and OSM Aviation have signed global partnership to develop new aviation crew career opportunities and management strategy, increase competitiveness and global expansion. According to the agreement terms, NARH will acquire 50 per cent of OSM Aviation.
Currently, OSM Aviation employs, trains and manages more than 1,000 Norwegian crew members in countries like Sweden, Finland, UK, Spain and the US. Under the new agreement, there will be no changes of the conditions of employment for pilots and cabin crew.
“By joining forces, OSM Aviation will become one of the world’s leading companies for employment and management of crew in global aviation. For more than two years we have had a fruitful and professional relationship with OSM Aviation. Together we will build an even stronger global presence and competitiveness for further expansion in new markets," CEO of NARH, Krister Aarnio declared.
The agreement awaits for The European Commission approval under the EU Merger Regulation. The joint company will also acquire a 49 per cent stake in Norwegian’s companies in Spain, Finland and the UK by the end of June 2016.
“This is an important milestone for us. Through this partnership we will further strengthen our global position as a leading and an attractive employer and a professional provider of quality, competence and human resources to our customers,” CEO of OSM Aviation, Espen Hoiby, concluded.
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