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Finnair news

Finnair airline related news

Finnair Issues EUR 200 Million Bond

Finnair Plc issues a senior unsecured bond of EUR 200 million (the “Bond”). The Bond matures on 29 March 2022, it bears a fixed annual interest at the rate of 2.250 percent and has an issue price of 99.925 percent. The bond is callable before its final maturity. “Finnair’s prudent execution of its accelerated growth strategy and continued improvement in financi...

Finnair and CFM celebrate 3 million flight hourswith airline’s CFM56-5B fleet

Finnair and CFM International are celebrating the achievement of three million flight hours by the airline’s CFM56-5B engine fleet. The Helsinki-based Finnish flag-carrier first became a CFM customer in 1998 with an order for CFM56-5B engines to power 12 Airbus A319/A320/A321 aircraft. The airline took delivery of its first aircraft in 1999 and is currently operating a...

Finnair partners with Slush to fuel innovation and digitalisation

Finnair has partnered with Slush, Europe’s leading startup event, to speed up innovation within and advance digitalisation inside the airline. In November, Slush will gather close to 2,000 startups, 800 venture capitalists, and 700 journalists from over 100 countries together in Helsinki to create and explore business opportunities. Together with Slush, Finnair will seek and identify pote...

fastjet raises £15mn through share placement

fastjet says it has been able to raise GBP15 million (USD19.7 million) in fresh capital through the issuance of 30 million new ordinary shares priced at GBP0.50 (USD0.66 per share). Among the investors was the LCC's own executive chairman, Colin Child, who agreed to subscribe for 140,000 new ordinary shares or 0.13% of the enlarged issued share capital. The funds will provide sufficient...

Asian stopovers to Europe regaining popularity: Finnair

Finnair’s Australian boss Geoff Stone says stopping over in Asia on the way to Europe is coming back into favour amid geopolitical tensions in the Middle East. Although Finnair does not serve this market with its own aircraft, the airline has codeshare arrangements with British Airways, Cathay Pacific and Qantas, as well as interline agreements with Japan Airlines, to take passengers from...

Finnair secured financing for its third A350 aircraft

Finnair has secured financing, arranged by BNP Paribas, for its third Airbus A350-900 XWB, which was delivered on 30 December 2015. The transaction amounts to approximately EUR 135 million, implemented using a Japanese Operating Lease with Call Option (JOLCO) structure, where the transaction amount is treated in Finnair’s IFRS accounting as a loan and the a...

Finnair proceeds with its growth strategy; expands and modernises its European fleet

Finnair has entered into a Memorandum of Understanding with BOC Aviation Pte Ltd (“BOC Aviation”) to lease four new Airbus A321-200 narrow-body aircraft. BOC Aviation is a Singapore-based subsidiary of Bank of China, specialising in aircraft leasing. The aircraft are scheduled for delivery to Finnair during the first half of 2017. The lease agreements have a minimum...

Finnair’s Asia Strategy Sets It Apart From Rivals, Makes It Attractive Acquisition

Twice a day, at 10 a.m. and 4 p.m., the cafes and shops of Helsinki Airport echo to the languages of Tokyo, Shanghai and Seoul. For a few hours, the Finnair Oyj base bustles with Chinese businessmen, Japanese students and vacationing Koreans, all changing planes at a terminal fortuitously positioned on the shortest flyway between Europe and Asia. “We’re a Gulf carrier &mdash...