On 1 September 1933, the Oslo-based shipping company Fred. Olsen & Co. , owned by the brothers Thomas Fredrik Olsen and Rudolf Olsen, announced their plans to establish a national airline. The foundation of the company was made on 16 October 1933, with Thomas Olsen, Rudolf Olsen, Johan L. Müller, Ganger Rolf and Bonheur—all within the Fred. Olsen sphere—as owners. The airline was established with a share capital of NOK 750,000 and took over the former DNL. The new company was named Det Norske Luftfartselskap Fred. Olsen A/S and hired Hjalmar Riiser-Larsen—since 1921 director of the Civil Aviation Council—as managing director. The Olsen brothers and Müller were all elected to the board. The company's initial plans were to gain the operating rights for the airports which were under construction, including Fornebu; Kristiansand Airport, Kjevik; and Stavanger Airport, Sola. The other was receive a state grant to start a service from Oslo, via Kristiansand, to Amsterdam in cooperation with KLM. Domestically, the airline wanted to operate the route from Oslo to Kristiansand and from Kristiansand to Stavanger, Bergen and Ålesund.