All Finnair articles – Page 4
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NewsFinnair focuses on Japan in 2022 schedule as China uncertainty continues
Finnair has added Tokyo Haneda to its schedules for summer 2022, as it focuses on serving Japan amid uncertainties over the reopening of China to non-essential travel.
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NewsFinnair recovery held up by lag in crucial Asian markets
Finnair has generated its first positive operating cash-flow for almost two years, with a surplus of €27 million ($31 million) during the third quarter, and expects the figure to stay positive in the fourth. But comparable operating losses in the fourth quarter will remain at “a similar magnitude” to the ...
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NewsFinnair executes largest sale-and-leaseback covering four A350s
Finnair has raised more than $400 million in cash from a sale-and-leaseback covering four previously-delivered Airbus A350-900s, its largest single aircraft-financing transaction. The aircraft are being sold to lessors GECAS and Pacific Investment Management. Finnair will lease back the Rolls-Royce Trent XWB-powered twinjets for an average of 12 years, it ...
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NewsFinnair predicts positive monthly cash-flow by year-end as it lifts savings target
Finnair has again raised the target for its permanent cost-base reduction, intending to reach a savings figure of €200 million ($237 million) from 2022 compared with 2019 levels. This is the fourth time Finnair has raised the target since it put forward original planned savings of €80 million just over ...
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NewsFinnair steps into long-haul leisure routes from Stockholm
Oneworld alliance carrier Finnair is to branch into long-haul operations from the Swedish capital Stockholm, operating to destinations in the USA and Thailand. The airline will operate Airbus A350-900s on the services to Miami, Bangkok and Phuket during the winter season. It is stepping into the main base of SAS ...
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NewsFinnair and China’s Juneyao Air seal joint-venture agreement
Finnair and Juneyao Air have signed a joint-venture agreement that deepens the carriers’ commercial relationship on services between Finland and China.
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NewsAirline ‘nightmare’ could be nearing end: IAG chief
The chief executive of British Airways and Iberia parent IAG believes the next few months are likely to see the beginnings of a recovery in air travel demand.
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NewsFinnair reviewing timeframe for single-aisle modernisation
Finnair intends to adopt temporary measures to manage its single-aisle fleet after putting narrowbody modernisation plans on hold while the pandemic crisis persists. Prior to the pandemic the airline had been discussing particularly the introduction of Airbus A320neos or “similar aircraft” from other suppliers, said chief executive Topi Manner during ...
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NewsFinnair hikes cost-base reduction target for a third time
Finnair is raising a permanent cost-savings target a third time, to €170 million ($205 million), more than double the original figure unveiled last year. The company had stated in May 2020 that it was aiming for €80 million in cost-base reductions from 2022, compared with 2019 levels. Over the next ...
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NewsFinnair restart to be focused on leisure routes
Finnair plans to increase capacity to a host of European holiday destinations and key US markets as it envisages rebounding summer traffic following a successful vaccine rollout.
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NewsFinnair signals interest in up to 20 of Heart’s ES-19 electric aircraft
Finnair has signed a letter of interest through which it could acquire up to 20 electric-powered regional aircraft under development by Heart Aerospace. The 19-seat aircraft project, the ES-19, was unveiled by the Swedish-based manufacturer in 2019. Heart Aerospace is aiming to put the aircraft into commercial service in 2026. ...
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NewsFinnair looks to summer recovery as loss run continues into 2021
Finnair expects first quarter losses to be comparable to the levels lost in the three quarters since the pandemic hit after today disclosing a full-year operating loss of €595 million ($718 million).
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NewsFinnair to recycle A319 in Helsinki in support of sustainability push
Finnair is to begin what it describes as the first-ever recycling of a commercial aircraft in its home country, ensuring that parts from the Airbus A319 can be reused as part of its sustainability strategy.
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Airline BusinessHow many jobs have Europe’s airlines cut in 2020?
Tens of thousands of jobs have been lost in Europe’s airline sector since the crisis began, as carriers seek to reduce cash burn and ‘right-size’ for the eventual recovery in demand.
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NewsFinnish government prepares possible €400m loan for Finnair
Finland’s government is preparing to provide a loan of up to €400 million ($486 million) to flag-carrier Finnair, to support the airline’s liquidity. The facility is intended to allow Finnair to access the funds should its cash or equity position fall below certain limits. This planned support – in the ...
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Airline BusinessTopi Manner on shaping Finnair for a post-pandemic market
The chief executive of the state-owned carrier explains how a ‘financial bazooka’ will help it through the crisis, and how it plans to emerge as a premium airline with a continued focus on Europe-Asia routes
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NewsPoor communication led Finnair flight attendant to fall from mobile stairs
Finnish investigators have determined that poor communication regarding signals to ground vehicles led a flight attendant to fall from a mobile staircase as it pulled away from a Finnair Airbus A320. The flight attendant was seriously injured in the 3.5m fall at Helsinki Vantaa airport on 13 January. Finland’s Safety ...
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NewsFinnair ratchets up long-term savings as nine-month loss reaches €450m
Finnair is again hiking its target for permanent cost savings from 2022, raising it to €140 million ($165 million) from the previous level of €100 million. It had already increased the target in August, lifting it from the original figure of €80 million. The Nordic carrier disclosed the change as ...
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NewsFinnair reaches agreement to cut 700 jobs
Finnair has reached an agreement to cut 700 jobs – more than 10% of its workforce – as it grapples with the impact of the coronavirus pandemic.
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NewsEnvironmental pressure will ‘come back swinging’: Finnair chief
An airline’s ability to invest in new aircraft and other measures aimed at mitigating the industry’s environmental impact will become a “differentiating factor” in the future, according to Finnair chief executive Topi Manner.