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The krone[ˈkrùːnə], plural kroner, is the currency of Norway and its dependent territories. It is subdivided into 100 øre, which have existed only electronically since 2012. The name translates into English as crown.
Telenor ASA is a Norwegian majority state-owned multinational telecommunications company headquartered at Fornebu in Bærum, close to Oslo. It is one of the world's largest mobile telecommunications companies with operations worldwide, but focused in Scandinavia and Asia. It has extensive broadband and TV distribution operations in four Nordic countries, and a 10-year-old research and business line for Machine-to-Machine technology. Telenor owns networks in 9 countries.
DNB ASA is Norway's largest financial services group with total combined assets of more than NOK 1.9 trillion and a market capitalisation NOK 164 billion as per 20 May 2016. DNB's head office is located in Oslo.
Coast Air AS was a regional airline based at Haugesund Airport, Karmøy in Norway. It was Norway's fourth largest airline and operated domestic services within Norway, in addition to international services. Routes were concentrated along the West Coast, as well as some public service obligation contracts in Southern Norway. The company had a fleet of de Havilland Canada Twin Otter aircraft, later replaced with Jetstream 31s and ATR 42s.
Hilmar August Reksten was a Norwegian shipping magnate. In the autumn of 1973 he was counted among the world's richest men, possessing a fleet worth about £300,000,000. At his death in 1980, all was lost; he left behind a debt of about £100,000,000.
Stord Airport, Sørstokken is a municipal regional airport located at Sørstokken in Stord Municipality in Vestland county, Norway. Located 13 kilometres (8 mi) from Leirvik and on the island of Stord, it is the only airport with scheduled services in Sunnhordland. The airport consists of a single asphalt 1,460-by-30-metre runway designated 14/32. It is classified as an airport of entry. Danish Air Transport operates up to three daily flights to Oslo Airport, Gardermoen. Previously the airport has been served by Coast Aero Center, Fonnafly, Air Stord, Teddy Air, Widerøe and Sun Air of Scandinavia.
Vildanden AS was a virtual, regional airline based at Skien Airport, Geiteryggen in Norway, where it was the only airline. With operations starting in 2005, it flew to Bergen, Trondheim and Stavanger using a Jetstream 32 and an ATR 42, which is wet leased from Danish Air Transport (DAT) and Helitrans. Previously, the airline has also served Stockholm and Molde, and has also operated Saab 340 aircraft, operated by Coast Air, Air Aurora and Avitrans. The airline had been in conflict with Coast Air about terminating the wet lease agreement. The company has had to be bailed out several times, including by the municipality, until it managed to make its first profit in 2009. It ceased operations and filed for bankruptcy in January 2011.
Norsk Air was a Norwegian airline based at Sandefjord Airport, Torp. At its height from the mid-1980s and onwards it operated scheduled flights to Stavanger, Bergen, Trondheim and Copenhagen, and for shorter periods also other Norwegian and international destinations. The airline had 156 employees and 150,000 annual passengers in 1989. The company was established as a sole proprietorship by Øyvind Skaunfelt as Vestfoldfly in 1961, after purchasing Thor Solberg's aviation school at Tønsberg Airport, Jarlsberg. In addition to an aviation college, the company operated various charter services using mostly Cessna aircraft. The company split into a flying school and an airline in 1972, with the latter taking the name Norsk Flytjeneste. Three 50-passenger Douglas DC-6 were subsequently bought and were among other places flown with aid charters to Bangladesh. Both the DC-6 and later charter flights with business jets proved unprofitable and were quickly terminated.
Vital Forsikring ASA, branded as Vital is Norway's largest life insurance and pension insurance company, and part of the DnB NOR Group. Though Vital has roots back to 1847, it was created in its present form by a merger between Vital and Gjensidige NOR's life insurance section after the mother companies merged in 2003. Vital has its headquarters in Bergen, Norway and has total assets of 200 billion kr.
Bergen Bank was a Norwegian commercial bank in existence between 1975 and 1990. It was created as a merger between Bergens Privatbank and Bergens Kreditbank while the bank Kvam Privatbank was acquired in 1979. In 1988 it bought Nevi. Bergen Bank, which was based in Bergen, Norway, merged with Den norske Creditbank in 1990 to form Den norske Bank. It is now part of DnB NOR.
Norway Airlines A/S was a Norwegian airline which operated between 1988 and 1992. Focusing on charter, the airline operated two Boeing 737-300 aircraft from 1988 to 1992, after which it operated two McDonnell Douglas MD-80 aircraft, one MD-83 and one MD-87. The airline flew a single scheduled route, between Oslo Airport, Fornebu and London Gatwick Airport, at first on contract with Air Europe and from 1991 at its own expense. At its peak, Norway Airlines had 196 employees. The company struggled financially and lost more than 100 million Norwegian krone (NOK) before terminating operations, having never made a profit.
Nettavisen is a Norwegian online newspaper, launched in 1996 as the first online-only newspaper in Norway. The current editor is Gunnar Stavrum. As of 2015 it was one of Norway's most popular news websites.
Teddy Air AS was a regional airline, based at Skien Airport, Geiteryggen, in Norway. Operating between 1989 and 2004, the company operated Britten-Norman Islander, Embraer 110 and Saab 340 aircraft. The company started by providing a scheduled service between Skien and Oslo in 1990, followed by services to Stavanger in 1993 and Bergen in 1994. In 1996, it won a contract with the Ministry of Transport from Oslo to Fagernes. It was involved in intense competition with other regional airlines, notably Coast Air and Guard Air, following the deregulation of the aviation market. It also had a single international service to Gothenburg, and from 1999 it served Stord Airport, Sørstokken. From 1999, the company was transformed to a virtual airline, which wet leased aircraft from Golden Air. The company ceased operations in 2004.
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, Gardermoen 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.
Krohn Air AS was a virtual, regional airline whose primary route was between Molde Airport, Årø to Trondheim Airport, Værnes in Norway. The airline was established in 2010 after Scandinavian Airlines pulled out of the Molde–Trondheim route. The airline aimed at the business segment, with early morning departures and two daily round trips.
Widerøe, a regional airline based in Norway, was established by Viggo Widerøe, Einar Isdahl and Arild Widerøe on 19 February 1934. The airline started off with a combination of scheduled, aerial photography and general aviation services using seaplanes. It lost its route concessions to Norwegian Air Lines in 1935 and was subsequently bought by that company, for whom it operated several minor routes. World War II hindered Widerøe from operating any flights between 1939 and 1945. After the war Widerøe started flying various seaplane routes that were too small for DNL and its successor, Scandinavian Airlines System (SAS). These routes were commonly flown using Noorduyn Norseman and de Havilland Canada Otter aircraft. During the 1960s Widerøe attempted operating Douglas DC-3s for charter flights, but soon closed those operations.
Gunn Wærsted is a Norwegian businessperson, with prominent positions in finance and banking.
Einar Falck was a Norwegian businessperson.
A/S Bergen Aviation was a Norwegian airline that never operated any flights. Based in Bergen and established in 1981, it operated 2 Piper cheyenne 2 turboprop for charter. It was originally established by the Bitd Technology Group and was acquired by As Nevi in the Vestagroup in 1983. This was a time when SAS did not service Bergen well except Oslo and Copenhagen further adding to Flesland's Decline as an important airport.
Norsk Data (ND) was a Norwegian manufacturer of minicomputers which operated between 1967 and 1992. The company was established as A/S Nordata – Norsk Data-Elektronikk on 7 July 1967 and took into use the Norsk Data brand in 1975. The company was founded by Lars Monrad-Krohn, Rolf Skår and Per Bjørge, three computer engineers working at the Norwegian Defence Research Establishment which had just built the minicomputer SAM 2. ND's first contract was the delivery of a Nord-1 computer to Norcontrol. Initially in competition with Kongsberg, ND started delivering computers to Norwegian institutions. By 1972 the company had developed Sintran operating system, the 32-bit Nord-5 and a time sharing system.
References
Bibliography
- Imset, Gunnar; Stavrum, Gunnar. Bankerott: det norske bankvesens vekst og fall (in Norwegian). Oslo: Gyldendal. ISBN 82-05-21889-7.