Gregory Polek has spent his entire career in aviation journalism with AIN, starting as a proofreader and assistant to then-managing editor Mary Mahoney in 1995 after serving an internship with&nbsp;New Jersey Monthly&nbsp;magazine and completing his B.A. degree in English/Writing at New Jersey’s William Paterson College. By 1997 Polek accepted a position as an associate editor, covering the regional airline beat for&nbsp;Aviation International News&nbsp;in place of retiring industry veteran Don Anderson. The assignment took Polek across North America and Europe to profile regional airlines varying in size and mission from the likes of floatplane operators Kenmore Air and Chalk’s Ocean Airways to regional jet operators such as SkyWest and American Eagle. Today, in his dual role as Air Transport Editor and International Airshow Editor, Polek writes, edits, and manages AIN’s commercial aviation content while overseeing each of the company’s daily international air show publications in Paris, Farnborough, Singapore, and Dubai. Most recently Polek has assumed oversight of daily coverage of the Helicopter Association International’s annual Heli-Expo convention.

Senior Editor

Gregory Polek

UK-based regional airline Flybe has agreed to sell its stake in its Flybe Nordic joint venture with Finnair for one euro following the companies’ inability to agree to a plan to resolve profitability “issues.”

 


Flybe Nordic owns all of Finnish subsidiary Flybe Finland, which controls Finnair’s regional airline operations. Consequently, Finnair has begun mapping alternatives to continue Flybe Finland’s regional flying “with a cost-effective business model” and new ownership structure for Flybe Nordic. The alternatives include a potential new majority shareholder for Flybe Nordic, said Finnair in a statement released Wednesday.

 


Finnair and Flybe began their cooperation in 2011, when they founded the Flybe Nordic joint venture, of which Flybe owns 60 percent and Finnair 40 percent.

 


The companies have already for some time discussed the restructuring and cost saving strategy for Flybe Finland, said Finnair. Under a recently signed agreement between Flybe and Finnair, Flybe will exit Flybe Nordic by the end of the year, subject to approval being received from competition authorities. Meanwhile, Flybe Finland will continue operations as normal.

 


“The financial performance of our joint venture has not developed according to the expectations of its shareholders,” said Finnair CEO Pekka Vauramo. “We haven’t been able to arrive at a common view to resolve the profitability issues, and therefore the companies have agreed to discontinue the cooperation. Finnair aims to find a new majority shareholder and a business model that would enable the development of regional flying in a financially sustainable way.”

 


Flybe Finland started operating codeshare flights from Helsinki in August 2011 with ATR 72s and a pair of Embraer E170s. In October 2012, the cooperation expanded to cover European flights with Embraer 190s as contracted flying, after which Flybe Finland has operated a third of Finnair’s European traffic.

News and developments about airplanes, helicopters and unmanned air vehicles used in all varieties of operations, including airlines, military, business, commercial, general aviation and private.

Flybe To Sell Stake in Finnair Joint Venture 

Finnair cites profitability "issues."

2024 Corporate Aviation Leadership Summit

Jessica Reed

News and issues relating to the aerospace industry that are related to the science, engineering and business of flight in space involving civil, industrial and military applications, and similar topics related to flight in the atmosphere of the Earth that are not covered more directly by other AINonline subject channels. In other words, both astronautical and aeronautical subjects, except for those aeronautical topics that are specifically covered elsewhere on this website.

People in Aviation

People In Aviation

Kerry Lynch

News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

Next delivery for BACN program slated for 2025

Bombardier's USAF BACN Global Jet Deliveries Reach Eight

Milestone reached two years after the latest version entered service

Bombardier's Challenger 3500 Reaches 100th Delivery

New developments and products in avionics, specifically about aircraft electronics in the cockpit.

Garmin's Autoland feature could save lives if a pilot becomes incapacitated 

Textron Cessna Citation CJ4, CJ3, and M2 Jets Updated to Gen3 with Garmin Autoland

Charles Alcock

News and issues about aviation maintenance, repair and overhaul (MRO), covering all segments of the aviation industry; and modifications for aircraft and engines. Subjects include product support of aircraft, engines and avionics, MRO company mergers, acquisitions, announcements and personnel, Airworthiness Directives, Supplemental Type Certificate approvals and other topics.

Hybrid-electric aircraft will operate in VTOL or STOL modes with range of up to around 544 nm

Manta Turns to China's Shenyang Aviation To Advance VTOL/STOL Aircraft

Sarah Rose

News about bills, laws, regulations and other governmental decisions affecting aviation and aerospace. Topics include FAA re-authorizations, taxes on fuel and aviation activities, environmental legislation, ICAO decisions, governmental mediation of labor conflicts and World Trade Organization disputes and decisions.

News and issues concerning general aviation, specifically airplanes and helicopters powered by piston and alternative engines (i.e., non-turbine powered aircraft). Subjects include aircraft, engines, personnel, acquisitions, accidents, safety, security and training.

Fastest single-engine aircraft in Piper’s history gets nods from EASA and other agencies

M700 Fury Racks Up Foreign Certifications

News and issues relating to international air transport and cargo carriers, national airlines and regional airlines, including aircraft, engines, personnel, acquisitions, accidents, safety, security and training.

More In Aircraft

People In Aviation

People in Aviation

Bombardier's USAF BACN Global Jet Deliveries Reach Eight

Next delivery for BACN program slated for 2025

Bombardier's Challenger 3500 Reaches 100th Delivery

Milestone reached two years after the latest version entered service

Textron Cessna Citation CJ4, CJ3, and M2 Jets Updated to Gen3 with Garmin Autoland

Garmin's Autoland feature could save lives if a pilot becomes incapacitated

Manta Turns to China's Shenyang Aviation To Advance VTOL/STOL Aircraft

Hybrid-electric aircraft will operate in VTOL or STOL modes with range of up to around 544 nm

M700 Fury Racks Up Foreign Certifications

Fastest single-engine aircraft in Piper’s history gets nods from EASA and other agencies

FAI Rent-a-jet Nominated for ITIJ Air Ambulance Award

Marks the operator's sixth nomination for the International Travel & Health Insurance Journal (ITIJ) Awards

Textron Aviation Ships 41 Bizjets in 3Q Despite Strike

Four-week strike will affect aircraft deliveries in the fourth quarter

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