Braganza (company)

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Braganza AB
Braganza
Company type Aktiebolag
Founded1938
Founder Ludvig G. Braathen   OOjs UI icon edit-ltr-progressive.svg
Headquarters Bromma Airport, ,
OwnerPer G. Braathen
Subsidiaries
Websitewww.braganza.com

Braganza AB is a Swedish privately held holding company owned by Norwegian investor Per G. Braathen. The company has roots in Norway, where it was involved in shipping and aviation. Over the years, Braganza has focused primarily on the transport and tourism sectors. As of 2023, Braganza AB reported a revenue of 9.3 billion SEK and employed approximately 1,200 people. [1]

Contents

History

A Braathens Regional Airlines Plane BRA Braathens Regional Airlines EFHK.jpg
A Braathens Regional Airlines Plane

Braganza was founded in 1938 by Ludvig G. Braathen as part of the shipping movement under the name Ludv.G. Braathens Rederi. In 1946, Braathens founded the airline Braathens S.A.F.E., organizing its ownership through Braganza. The company held sole ownership of Braathens S.A.F.E. until 1994 and maintained partial ownership until 2001, when Norway's largest domestic airline was sold to the SAS Group for 1.1 billion Norwegian krone. [2]

Founder Ludvig G Braathen 65888 Ludvig G Braathen.jpg
Founder Ludvig G Braathen

In addition to its airline interests, Braganza has previously owned Braathens Helikopter and Busy Bee. The company acquired several airlines, including Malmö Aviation and Transwede, and Braathens S.A.F.E. was publicly listed, resulting in a dispersion of ownership, with a significant stake controlled by the airline KLM. In 2001, Braathens was acquired by SAS. [3]

In 2014, Per G. Braathen, the grandson of the founder, relocated the entire Braganza group from Norway to Sweden. [4] Braathen stated that the decision was made in protest against Norway's corporate tax system and what Braathen described as populist politics. He claimed that Sweden provided a more predictable governance and a better environment for running companies. [5]

Current Operations

Today, Braganza maintains significant investments in the transport and tourism industries. Major holdings include Kristiansand Zoo and Amusement Park and Braathens Regional Aviation [6]

Related Research Articles

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<span class="mw-page-title-main">Oslo Airport, Fornebu</span> Former airport that served Oslo, Norway (1939–1998)

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Transwede Airways AB, was a Swedish charter and later also scheduled airline operating between 1985 and 1998. Based at Stockholm Arlanda Airport, Transwede initially flew Sud Aviation Caravelles, and from 1987 also McDonnell Douglas MD-80s. Most charter services were operated for package tour companies to the Mediterranean.

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Braathens Helikopter A/S was a Norwegian helicopter airline based at Stavanger Airport and Bergen Airport. It used a fleet of seven Aérospatiale Super Pumas to serve offshore oil platforms in the North Sea. The customers were Amoco, BP, Norsk Hydro, Phillips Petroleum and Statoil, serving their oil fields Ekofisk, Oseberg, Gullfaks, Veslefrikk, Valhall, Ula and Gyda. Braathens Helikopter operated from 1989 to 1993, after which it was sold to and merged with the main competitor, Helikopter Service. Braathens Helikopter was owned by Ludvig G. Braathens Rederi and was a sister company of the airline Braathens SAFE.

<span class="mw-page-title-main">History of Braathens SAFE (1946–1993)</span> History of Braathens SAFE from founding to 1993

Braathens South American & Far East Airtransport A/S or Braathens SAFE was founded by ship-owner Ludvig G. Braathen in 1946. It started as a charter airline based at Oslo Airport, Fornebu in Norway, flying to destinations in the Far East and in South America. At first the airline used Douglas DC-4s, and later also Douglas DC-3s. In 1948, the airline moved to Oslo Airport, Fornebu and started regular scheduled flights to the Far East. In 1952, the airline started cooperation with the Icelandic airline Loftleidir, where until 1960 the two airlines in cooperation flew flights to Reykjavík. Domestic services started in 1951, using de Havilland Herons on a route from Oslo to Stavanger via Tønsberg. Braathens SAFE also established at Stavanger Airport, Sola. A second route was started two years later to Trondheim. The Heron routes also stopped in Farsund, Kristiansand, Notodden to Stavanger and Hamar, Røros to Trondheim.

<span class="mw-page-title-main">History of Braathens (1994–2004)</span> History of Braathens from domestic market deregulation to dissolution

Braathens SAFE's domestic market was deregulated on 1 April 1994. Since then, any airline within the European Economic Area is free to operate any domestic or international route. Braathens rejected a proposal from the main competitor Scandinavian Airlines System (SAS) for a merger; instead the helicopter division was sold and the company listed on the Oslo Stock Exchange. New routes were opened from Oslo Airport, Fornebu to Bodø, Harstad/Narvik and Tromsø, but the routes from Bergen to these cities were terminated. International routes to Rome, Nice and Jersey were introduced. In 1996, Braathens SAFE bought Sweden's second-largest airline, Transwede, and started flying on the Oslo–Stockholm route. The following year, Transwede, with its five domestic routes, was merged into Braathens SAFE. The same year, KLM bought 30% of Braathens SAFE and the airlines started a partnership.

BRA Sverige AB, trading as Braathens Regional Airlines, often shortended to BRA(Swedish for "Good"), is a Swedish virtual airline headquartered in Stockholm, Sweden, with its main operational base at Stockholm Bromma Airport.

References

  1. "Braganza". www.braganza.com. 2024-07-19. Retrieved 2024-09-01.
  2. "History". www.braganza.com. Retrieved 2024-09-01.
  3. History on Braganza.no Archived 2012-02-05 at the Wayback Machine
  4. ThunbergText, Ida (2014-07-29). "Norsk miljardär flyr till Sverige". Dagens industri (in Swedish). Retrieved 2024-09-01.
  5. "Norsk flygmiljardär skatteflyr till Sverige". www.aftonbladet.se (in Swedish). 2014-07-30. Retrieved 2024-09-01.
  6. "History". Braganza. Archived from the original on 25 August 2012. Retrieved 16 September 2012.