All Finnair articles – Page 4
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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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In depthHow 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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In depthFinnish 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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InterviewTopi 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. ...
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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 ...
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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.
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NewsFinnair develops ‘financial bazooka’ to survive crisis
Finnair has enough cash to survive until late 2021 with little or no flying, having introduced a raft of financial measures to ensure it can survive the coronavirus crisis
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NewsFinnair cuts winter capacity to match reduced demand
Finnair has scaled back its flight schedule for the winter season, in response to weakened demand amid ongoing Covid-19-related travel restrictions. The Oneworld carrier states that between 25 October 2020 and 31 March 2021 it will operate 75 flights a day, down from 350 in the same period ...
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NewsCrisis spurs competition regulator to prolong Oneworld transatlantic pact
UK competition regulators have imposed interim measures to address concerns over transatlantic routes operated under the Oneworld alliance’s joint business arrangement, having opted not to accept concession proposals put forward earlier this year. Oneworld carriers British Airways and American Airlines had offered slots at London Heathrow or Gatwick to ...
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AnalysisWinter of disconnect ahead for Europe’s airlines
There are few crumbs of comfort for European airlines as they look back on a worse-than-expected summer season and forward to what could be a bleak winter.
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NewsFinnair slashes planned October capacity
Finnair is more than halving the number of flights it intends to operate during October as resurgent coronavirus cases and heightened travel restrictions hit passenger demand.
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NewsFinnair to cut 1,000 jobs and continue temporary layoffs
Finnair has started negotiations to cut up to 1,000 permanent jobs – 15% of its total workforce – amid “exceptionally tight” travel restrictions in its home country.
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NewsFinnair seals A350 sale-and-leaseback to bolster cash position
Finnair has flagged an immediate positive cash effect in excess of €100 million after finalising the sale-and-leaseback of one of its Airbus A350 aircraft.
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NewsFinnair expects to restore 50% of flights by September
Finnair is expecting to rebuild its services over the third quarter, operating around 50% of its pre-crisis flight capacity by September, up from the figure of 25% in July. It aims to carry out 120 daily flights in August and increase this to 190 in September. The airline ...
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NewsFinnair raises €501m from oversubscribed share offering
Finnair has disclosed that investor have oversubscribed by nearly 11% to a new share issue intended to reinforce the Nordic company’s liquidity. The company says it will receive net proceeds of around €501 million. Finnair received subscriptions for more than 1.416 billion shares against the 1.279 billion on ...
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NewsFinnair embarks on €500m share issue
Finnair has embarked on a €500 million rights issue which will centre on the release of up to 1.279 billion new shares in the company to strengthen its equity and liquidity. The issue carries conditions including limiting managers’ salaries up to 2022 and restricting it from making acquisitions. ...
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NewsFinnair seeks further layoffs to match reduced flying schedule
Finnair will enter talks with its entire workforce to secure additional temporary layoffs aimed at downsizing the number of employees to match its much-reduced flying schedule over the coming months.
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NewsFinnair outlines plan to restart Europe and Asia flights in July
Finnair plans to start operating 30% of its network from July with flights to a number of key European and Asian cities.