Swedish tour operator bought by Norwegian firm

Purchase of JK Safaris reveals segment with profits and growth potential

Braganza, a privately held investment company based in Norway, has acquired the Stockholm-based tour operator JK Safaris. Turnover at JK Safaris, which started operations in 2007, was SEK 14.1 million (€1.53 million) and the profit SEK 0.5 million. JK Safari’s core business is personalised tours to African countries. This market is showing encouraging growth in Sweden, where JK Safaris operates and Norway has a strong presence, Braganza says. Together with Escape Travel in Sweden and Norway, JK Safaris will be Braganza’s push into the growing market for tailor-made guided holidays. This is a segment with healthy profits and growth potential, it adds, in a travel industry struggling with overcapacity from both charter operators and low-cost airlines.
“The specialised tour operator Escape Travel has been a good investment for Braganza. With JK Safaris, a well-run company in a growth segment of the travel industry, we strengthen our position in travel,” says Per G Braathen, chairman and owner of Braganza.
Boarding.no
[pictured: West African giraffe, Niger; photo by Roland H]

x

Check Also

Norwegian, Boeing 737-800, delivery, final, MAX, aircraft, type, low-cost, long-haul, flights

Norwegian’s last 737-800 delivery as MAX era starts

The airline takes delivery of its 100th direct-buy Boeing 737-800, an aircraft type that is already being replaced.

Norwegian, loss, profit, revenue, 2017, year, quarter, costs, oil, fuel, Kjos, result

Norwegian posts €30.7mn full-year loss

The negative result was influenced by global expansion, fleet renewal and other costs.

Norwegian, low-cost, Kjos, Boeing 787, Dreamliner, Airbus, A321neo LR, Singapore, Asia, Argentina, South America, plans, strategy, UK, London, speech, Shard, transatlantic, long-haul, USA, Detroit, Philadelphia

Norwegian plots global expansion

But it is putting the UK first. It makes the first low-cost long-haul flight to South America today.

Norwegian, SEPLA, union, Spain, Ialy, bases, pilots, CBA, agreement, deal, Icelandair

Norwegian, Icelandair make deals with pilots

Separate agreements are signed with a union in Iceland – and unions in Spain and Italy.

Norwegian, France, Spain, Albania, Tirana, Bergen, Oslo, summer, 2018, Ibiza, Paris, Bastia, Corsica, flights, routes

Norwegian adds routes from Norway

Both year-round and seasonal routes are added to the low-cost carrier’s home network.

Norwegian, toilet, abort, return, Oslo, Munich, plumbers, working, fix

Sixty plumbers can’t fix Norwegian’s toilets

An aircraft carrying plumbers on a working trip from Oslo to Munich is forced to turn back.