The story
Originally established as Reguljair in 1996, the airline operated domestic services with an Embraer EMB 110 Bandeirante. Its operating licence was revoked on 14 November 2000, and it relaunched in December as Nordic East. Finnair acquired the company in 2003 and 2004, establishing a new subsidiary, Nordic Airlink Holding, and rebranding as FlyNordic. FlyNordic bankrupted in 2005, while Nordic Airlink Holding was reorganised and took up the FlyNordic name.
On 24 April 2007, Norwegian Air Shuttle announced that they had bought 100% of the FlyNordic shares from Finnair. This made Norwegian Scandinavia's largest low-cost airline. As a result of Finnair's ownership in FlyNordic, Finnair owned 5% of Norwegian Air Shuttle.
On 14 March 2008, Norwegian Air Shuttle announced that FlyNordic would be re-branded Norwegian after 5 April 2008 in order to strengthen and unify the brand. This ended the story of FlyNordic.
From Wikipedia’s article on FlyNordic, shared under CC BY-SA 4.0.4