Valkea Airlines: Difference between revisions
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'''Valkea Airlines Oyj''', commonly known as '''Valkea Airlines''', is the largest airline and the flag carrier of the Republic of Valkea. Its global headquarters is located in [[Våren Livet]], [[Valkea]]. Valkea Airlines serves multiple international and domestic flights and operates a mix of Airbus and Boeing aircraft. | '''Valkea Airlines Oyj''', commonly known as '''Valkea Airlines''', is the largest airline and the flag carrier of the Republic of Valkea. Its global headquarters is located in [[Våren Livet]], [[Valkea]], with its global hub located at [[Våren Livet Vuotola Airport]]. Valkea Airlines serves multiple international and domestic flights and operates a mix of Airbus and Boeing aircraft. | ||
==History== | ==History== | ||
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===Valkea Airlines Group (1990s-)=== | ===Valkea Airlines Group (1990s-)=== | ||
Beginning in 1991, Valkea Airlines underwent a period of restructuring that saw the creation of two new subsidiary companies: Valkea | Beginning in 1991, Valkea Airlines underwent a period of restructuring that saw the creation of two new subsidiary companies: Valkea AirCargo and Valkea AirExpress. In 1993, the company reorganized as the Valkea Airlines Group. | ||
Valkea Airlines Group acquired a 24.5% stake in low-cost carrier Aurora Skyways in 1996. This was increased to 33.3% in 1999 and 42.5% in 2003. In October 2005, Valkea Airlines acquired the remainder of Aurora Skyways. | Valkea Airlines Group acquired a 24.5% stake in low-cost carrier Aurora Skyways in 1996. This was increased to 33.3% in 1999 and 42.5% in 2003. In October 2005, Valkea Airlines acquired the remainder of Aurora Skyways. | ||
Revision as of 13:57, 22 September 2023
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| Founded | 1935 | ||||||
|---|---|---|---|---|---|---|---|
| Commenced operations | 1936 | ||||||
| Hubs | Våren Livet Vuotola Airport (VLV) | ||||||
| Frequent-flyer program | Verdant Skies | ||||||
| Subsidiaries |
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| Parent company | Valkea Airlines Group | ||||||
| Traded as | VLSE: VKAIR | ||||||
| Headquarters | Våren Livet, Valkea | ||||||
| Key people |
President and CEO
Chief Financial Officer
Director of Corporate Strategy | ||||||
| Revenue |  $40.06 billion (2019) | ||||||
| Operating income |  $2.07 billion (2019) | ||||||
| Net income | $1.15 billion (2019) | ||||||
| Employees | 134,290 (2019) | ||||||
| Website | valkeaairlines.com | ||||||
Valkea Airlines Oyj, commonly known as Valkea Airlines, is the largest airline and the flag carrier of the Republic of Valkea. Its global headquarters is located in Våren Livet, Valkea, with its global hub located at Våren Livet Vuotola Airport. Valkea Airlines serves multiple international and domestic flights and operates a mix of Airbus and Boeing aircraft.
History
Founding and early years (1930s-1940s)
Valkea Air Lines was formed in 1935 with the merger of the Valkean Air Transport Company, National Air Line Company, and Itäänmaa Air Line Company. This merger was done at the behest of the Valkean government to consolidate the country's fledgling airline industry into a single company and provide subsidies more efficiently. Its first passenger air services were carried over from their former component companies, forming a domestic network that connected the cities of Våren Livet, Novika, and Mustakivi. The newly formed airline eventually grew its domestic network to reach other major cities such as Dagsmark, Osterlund, and Maarinnat.
Its first international route was created in 1939, flying passengers from Våren Livet to Rõlva in Ostrothia with stopovers in Osterlund and Brantevik. This quickly followed with routes to cities in Caledonia and Nynorsk Ostlijord. However, due to the outbreak of the 2nd Great Astyrian War, Valkea Air Lines was unable to start flights outside of Vinstria.
Expansion (1950s-1970s)
Privatization (1980s-1990s)
Valkea Airlines Group (1990s-)
Beginning in 1991, Valkea Airlines underwent a period of restructuring that saw the creation of two new subsidiary companies: Valkea AirCargo and Valkea AirExpress. In 1993, the company reorganized as the Valkea Airlines Group.
Valkea Airlines Group acquired a 24.5% stake in low-cost carrier Aurora Skyways in 1996. This was increased to 33.3% in 1999 and 42.5% in 2003. In October 2005, Valkea Airlines acquired the remainder of Aurora Skyways.
In 2018, Valkea Airlines Group acquired 80% of Diamond Airways for $4.23 billion.