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The Airport Express Train ( no, Flytoget) is a Norwegian high-speed airport railway service connecting Oslo Airport to Oslo Central Station in nineteen minutes. Run by Flytoget AS (formerly NSB Gardermobanen AS), it operates on the high-speed Gardermoen Line using sixteen GMB Class 71 electric trains. Normal service frequency is once every ten minutes, with five of the services each hour continuing westwards beyond Oslo Central. The extended services serve nine stops within Greater Oslo and take up to 60 minutes. Flytoget transported 5.4 million passengers in 2007, a 34-percent market share of airport ground transport. The service, which has a top speed of , is the only high-speed rail service in Norway. Construction started in 1994 and high-speed trains began serving Gardermoen Airport from the date of its opening on 8 October 1998, although full operation using the Romerike Tunnel had to wait another ten and a half months after severe leaks caused by the tunnel's c ...
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Public Property
Public property is property that is dedicated to public use. The term may be used either to describe the use to which the property is put, or to describe the character of its ownership (owned collectively by the population of a state). This is in contrast to private property, owned by an individual person or artificial entities that represent the financial interests of persons, such as corporations. State ownership, also called public ownership, government ownership or state property, are property interests that are vested in the state, rather than an individual or communities. Differences from private property In a paper by Armen A. Alchian, he explored what distinguishes public property from private property, concluding that a unique difference lies in the limitations put on its alienability. That is, a crucial feature of public property lies in the inability of their owners to sell or grant them to others. According to Alchian, private property is that which can be transferr ...
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Oslo Airport, Gardermoen
Oslo Airport ( no, Oslo lufthavn; ), alternatively referred to as Oslo Gardermoen Airport or simply Gardermoen, is the international airport serving Oslo, Norway, the capital and most populous city in the country. A hub for Flyr, Norse Atlantic Airways, Norwegian Air Shuttle, Scandinavian Airlines and Widerøe, it connects to 26 domestic and 158 international destinations. The airport is located northeast of Oslo, at Gardermoen at the border of municipalities Nannestad and Ullensaker, in Viken county. It has two parallel roughly north–south runways measuring and and 71 aircraft stands, of which 50 have jet bridges. The airport is connected to the city center by the high-speed railway Gardermoen Line served by mainline trains and Flytoget. The percentage of passengers using public transport to get to and from the airport is one of the highest in the world at nearly 70%. The ground facilities are owned by Oslo Lufthavn AS, a subsidiary of the state-owned Avinor. Also at ...
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Profit Margin
Profit margin is a measure of profitability. It is calculated by finding the profit as a percentage of the revenue. \text = = There are 3 types of profit margins: gross profit margin, operating profit margin and net profit margin. * Gross Profit Margin is calculated as gross profit divided by net sales (percentage). Gross Profit is calculated by deducting the cost of goods sold (COGS) from the revenue, that is all the direct costs. This margin compares revenue to variable cost. It is calculated as: \text = \text - (\text + \text + \text) \text = \text - \text - \text \text = * Operating Profit Margin includes the cost of goods sold and is the earning before interest and taxes ( EBIT) known as operating income divided by revenue. It is calculated as: \text = * Net profit margin is net profit divided by revenue. Net profit is calculated as revenue minus all expenses from total sales. \text = Overview Profit margin is calculated with selling price (or revenue) taken as base t ...
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Aksjeselskap
''Aksjeselskap'' is the Norwegian term for a stock-based company. It is usually abbreviated AS, historically often written as A/S. An AS is always a limited company, i.e. the owners cannot be held liable for any debt beyond the stock capital. Public companies are called Allmennaksjeselskap (ASA), while companies without limited liability are called '' Ansvarlig selskap'' (ANS). All AS companies must have a stock capital of at least NOK 30,000. In addition, they must have a board of directors, depending on the size of turnover, balance sheet total or number of employees, an auditor. They may appoint a managing director (MD) or chief executive (CEO). If the company has assets exceeding NOK 3 million, the board must have at least three members and cannot be chaired by the MD/CEO. Practically all Norwegian companies have a fiscal year from January to December, but some foreign subsidiaries may have a different fiscal year, as is allowed, to match the parent corporation. The ASA ...
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Avinor
Avinor AS is a state-owned limited company that operates most of the civil airports in Norway. The Norwegian state, via the Norwegian Ministry of Transport and Communications, controls 100 percent of the share capital. Avinor was created on 1 January 2003, by the privatization of the Norwegian Civil Aviation Administration known as ''Luftfartsverket''. Its head office is in Bjørvika, Oslo, located on the seaside of Oslo Central Station. Avinor owns and operates 44 airports in Norway, fourteen in association with the Royal Norwegian Air Force, and is responsible for air traffic control services in Norway. In addition to the 44 airports, it operates three Area Control Centers: Bodø Air Traffic Control Center, Stavanger Air Traffic Control Center and Oslo ATCC. , the chief executive officer was Sverre Quale who has been in the job since 18 April 2006. He was previously the head of the Norwegian Accident Investigation Board. As of 2011, Sverre Quale has been employed as the C ...
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Debt
Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The debt may be owed by sovereign state or country, local government, company, or an individual. Commercial debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. Loans, bonds, notes, and mortgages are all types of debt. In financial accounting, debt is a type of financial transaction, as distinct from equity. The term can also be used metaphorically to cover moral obligations and other interactions not based on a monetary value. For example, in Western cultures, a person who has been helped by a second person is sometimes said to owe a "debt of gratitude" to the second person. Etymology The English term "debt" was first used in the late 13th century. The term "debt" comes ...
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Public Transport
Public transport (also known as public transportation, public transit, mass transit, or simply transit) is a system of transport for passengers by group travel systems available for use by the general public unlike private transport, typically managed on a schedule, operated on established routes, and that charge a posted fee for each trip. There is no rigid definition; the ''Encyclopædia Britannica'' specifies that public transportation is within urban areas, and air travel is often not thought of when discussing public transport—dictionaries use wording like "buses, trains, etc." Examples of public transport include Public transport bus service, city buses, trolleybuses, trams (or light rail) and Passenger rail transport, passenger trains, rapid transit (metro/subway/underground, etc.) and ferry, ferries. Public transport between cities is dominated by airlines, intercity bus service, coaches, and intercity rail. High-speed rail networks are being developed in many parts ...
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Oslo Airport, Fornebu
Oslo Airport, Fornebu ( no, Oslo lufthavn, Fornebu), was the primary international airport serving Oslo and Eastern Norway from 1 June 1939 to 7 October 1998. It was then replaced by Oslo Airport, Gardermoen, and the area has since been redeveloped. The airport was located at Fornebu in Bærum, from the city center. Fornebu had two runways, one 06/24 and one 01/19, and a capacity of 20 aircraft. In 1996, the airport had 170,823 aircraft movements and 10,072,054 passengers. The airport served as a hub for Scandinavian Airlines System (SAS), Braathens SAFE and Widerøe. In 1996, they and 21 other airlines served 28 international destinations. Due to limited terminal and runway capacity, intercontinental and charter airlines used Gardermoen. The Royal Norwegian Air Force retained offices at Fornebu. The airport opened as a combined sea and land airport, serving both domestic and international destinations. It replaced the land airport at Kjeller and the sea airport at Gressholme ...
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Eastern Norway
Eastern Norway ( nb, Østlandet, nn, Austlandet) is the geographical region of the south-eastern part of Norway. It consists of the counties Vestfold og Telemark, Viken, Oslo and Innlandet. Eastern Norway is by far the most populous region of Norway. It contains the country's capital, Oslo, which is Norway's most populous city. In Norwegian, the region is called ''Østlandet'' and ''Austlandet'' ("The east land") in contrast to Vestlandet ("The west land"). Geography As of 2015, the region had 2,593,085 inhabitants, 50.4% of Norway's population. The region is bounded by mountains in the north and west, the Swedish border to the east and by Viken and Skagerrak to the south. The border towards Sørlandet is less obvious. The mountains reach a height of 2469 metres in the Jotunheimen mountain range, the highest point in the Nordic countries (excluding Greenland). Other prominent mountain ranges include part of the Dovrefjell in the far north of the region, the Rondane north ...
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Parliament Of Norway
The Storting ( no, Stortinget ) (lit. the Great Thing) is the supreme legislature of Norway, established in 1814 by the Constitution of Norway. It is located in Oslo. The unicameral parliament has 169 members and is elected every four years based on party-list proportional representation in nineteen multi-seat constituencies. A member of Stortinget is known in Norwegian as a ''stortingsrepresentant'', literally "Storting representative". The assembly is led by a president and, since 2009, five vice presidents: the presidium. The members are allocated to twelve standing committees as well as four procedural committees. Three ombudsmen are directly subordinate to parliament: the Parliamentary Intelligence Oversight Committee and the Office of the Auditor General. Parliamentarianism was established in 1884, with the Storting operating a form of "qualified unicameralism", in which it divided its membership into two internal chambers making Norway a de facto bicameral parliament ...
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Norwegian State Railways
Vygruppen, branded as Vy, is a government-owned railway company which operates most passenger train services and many bus services in Norway. The company is owned by the Norwegian Ministry of Transport. Its sub-brands include Vy Buss coach services, CargoNet freight trains and the Swedish train transport company Tågkompaniet. In 2009, NSB carried 52 million train passengers and 104 million bus passengers. On 24 April 2019, passenger train and bus services were rebranded as Vy. The company was established as the Norwegian State Railways (1883–1996). In 1996 the company was split into the new NSB, the infrastructure company, the Norwegian National Rail Administration and the Norwegian Railway Inspectorate. In 2002, the freight operations were split to the subsidiary CargoNet, and the maintenance department became Mantena. It was controversially renamed Vygruppen in 2019; the then-opposition parties vowed to reverse the name change. History On 1 December 1996, the larges ...
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Romerike Tunnel
The Romerike Tunnel ( no, Romeriksporten) is a railway tunnel in Norway between Oslo and Lillestrøm. It is the second longest railway tunnel in Norway after the Blix Tunnel opened in 2022, and forms the first section of the Gardermoen Line. It is double track and electrified, permitting speeds of . Construction started in 1994, with plans to open with the rest of the Gardermoen Line and Oslo Airport, Gardermoen on 8 October 1998. Due to serious leakage from Lutvann and several other lakes, it did not open until 22 August 1999. The leaks increased the cost of the tunnel from to NOK 1.8 billion. The main contractor was Scandinavian Rock Group. The tunnel was originally owned by NSB Gardermobanen, then the Norwegian National Rail Administration, and now owned by Bane NOR. The tunnel allows long-distance, regional and Flytoget Airport Express Trains to bypass the old Hoved Line, reducing journey times between Oslo and Lillestrøm from 29 to 12 minutes. Background The tunnel wa ...
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