Lego family gets rid of planes

Less Lego money invested in aircraft

The Danes suffered many casualties during the battle (photo: iStock)
May 2nd, 2014 11:25 am| by admin
facebooktwittergoogle_pluspinterestmail

The investment company Kirk Kapital, which is owned by the the prominent Kirk Johansen family of Lego fame, has disposed of the majority of its aircraft from its investment portfolio, Børsen business newspaper reports.

“Some of them have been sold, some have been rented out again. They have been scattered to the four winds,” Bjarne Amitbøll, the managing director of Kirk Kapital, told Børsen.

American Airlines default
The company had 39 ATR-72 aircraft, which had been leased to American Airlines, but these have been gradually returned since the airline defaulted on payment in 2009. The planes were managed by the company Nordic Aviation Capital, based in Billund. Børsen writes that the company’s holding of aircraft fell from 802 million kroner to 337 million kroner in the last financial year.

Lego fortune
Kirk Kapital now has just 20 aircraft, making up only a small part of its 5.2 billion kroner investment portfolio. The majority of the company’s investments are in paper securities, but it also owns property and a number of container ships.

The investment company was founded in 2007 when the two Lego heirs, Kjeld Kirk Kristiansen and his sister Gunhild Kirk Johansen, reached an agreement about their inheritance of the toy company fortune. Kirk Kristiansen’s side of the family retained Lego while Kirk Johansen and her side had their inheritance paid out and invested through Kirk Kapital.

The last time Larsen made the headlines was over his stance on the word 'neger' (photo: esbenlundelarsen.dk)
Science minister doubts Darwin: God created Earth
Esben Lunde Larsen – the new minister for education and research, who wil...
Gentofte Municipality considers it never too early to become bilingual (photo: iStock)
English for three-year-olds spreading from Gentofte
Gentofte Municipality has begun teaching three-year-olds English, and the p...
"Embrace each other, see the person you have next to you and hug them"
Roskilde 2015: We saw stars … as many as seks Machina
They hadn't been back to Roskilde since 2010, but judging by their re...
From 2017, it will be more difficult for Danes to get their meds during off-hours (photo: iStock)
New law shuts down Denmark’s 24-hour pharmacies
Due to a new law, from 2017 it will no longer be possible to pop down to t...
It is hoped that including a broad range of experts will yield bright ideas (photo: iStock)
New energy commission to make green energy cost-effective
While green energy enjoys popular support in principle, projects often stru...
The finance minister, Claus Hjort Frederiksen, wants tax payers' money spent where it is needed the most (photo: Johannes Jansson)
Government and municipalities agree to new financial framework
The government and the local council organisation KL have reached an agreem...