newstodate.aero
Oct 24, 2005 (newstodate): The sale of Sterling by the Icelandic investor Fons to the Icelandic FL Group has now been confirmed.
Sterling will reportedly remain an independent subsidiary within the FL Group that also comprises Icelandair.
As the main owner of Fond that will gain a seat on the board of FL Group is also owner of the Icelandic low cost operator Iceland Express, this company will probably now be put on sale to avoid a clash with anti-competition regulations.
Sterling will reportedly remain an independent subsidiary within the FL Group that also comprises Icelandair.
As the main owner of Fond that will gain a seat on the board of FL Group is also owner of the Icelandic low cost operator Iceland Express, this company will probably now be put on sale to avoid a clash with anti-competition regulations.