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 … [Read more…]

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

The lease of four A321 narrowbody aircraft 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 … [Read more…]

Finnair has entered into a memorandum of understanding on the sale and leaseback of two A350 aircraft

Finnair has entered into a memorandum of understanding with GE Capital Aviation Services Limited (“GECAS”), on the sale and leaseback of two Airbus A350 aircraft. The financing will cover Finnair’s 6th and 7th A350 deliveries, which are currently scheduled to enter the Finnair fleet in July 2016 and February 2017, respectively. The value of the … [Read more…]

Finnair and Lufthansa Technik sign contract on A350 XWB component support

Finnair, the first European airline to operate the Airbus A350 XWB aircraft, has awarded Lufthansa Technik a 12-year agreement for component support for the new aircraft type. Lufthansa Technik is one of the leading providers of technical services for the aviation industry, and the agreement with Finnair is the company’s first contract for A350 XWB … [Read more…]

Finnair Traffic Performance in April 2015

In April, Finnair’s overall capacity measured in Available Passenger Kilometres decreased by 0.3 per cent and traffic measured in Revenue Passenger Kilometres by 2.6 per cent year‐on‐year. Passenger load factor was 77.5 per cent. The capacity in Asian traffic decreased by 2.9 per cent and the traffic measured in Revenue Passenger Kilometres by 3.3 per … [Read more…]