Category Archives: Finnair

Finnair acquires the remaining 60% of Nordic Regional Airlines AB (Norra)

Norra - Nordic Regional Airlines ATR 72-212A (ATR 72-500) OH-ATK (msn 848) HEL (Ton Jochems). Image: 937419.

Finnair has acquired 60% of Nordic Regional Airlines AB (Norra) from Staffpoint Holding Oy (StaffPoint) and Kilco Oy (Kilco). Finnair currently owns 40% of the company, and following the transaction Norra will transfer full ownership to Finnair on an interim basis. The transaction has no impact on Norra’s operations or personnel.

Norra operates Finnair’s domestic and European routes as purchase traffic with a total of 24 ATR and Embraer aircraft. Following the changes in StaffPoint’s ownership base disclosed on 5 October 2017, StaffPoint and Kilco have decided to withdraw from the ownership of Norra. Finnair aims to find a new majority owner for Norra.

”Recent years have shown that the partnership model can be successful in domestic and regional purchase traffic. Our aim is to find a new, industrial partner to develop Norra’s business further with us,” says Finnair COO ­Jaakko Schildt.

The transaction requires approval by the Finnish Competition and Consumer Authority.

Copyright Photo: Norra – Nordic Regional Airlines ATR 72-212A (ATR 72-500) OH-ATK (msn 848) HEL (Ton Jochems). Image: 937419.

 

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Wideroe to operate E190 flights for Finnair from Bergen and Tromsø to Helsinki

Finnair has made this announcement:

As a part of its growth strategy, Finnair will open new routes between its Helsinki hub and Bergen and Tromsø in Norway in May 2018, connecting the regions to Finnair’s extensive Asian network.

The routes will be operated by Norwegian regional airline Wideroe, and the flights are sold and marketed by Finnair. The onboard service will be based on the Finnair dual class service concept.

As of May 15, 2018, Wideroe will operate the Finnair flight from Bergen to Helsinki daily, with a brand-new Embraer 190-E2 aircraft (above). The flight’s schedule will connect to Finnair’s Asian flights as well as to Finnair’s European network. Finnair also continues to fly to Bergen via Stockholm. Bergen is the second largest city in Norway, located by the Atlantic coast and surrounded by seven mountains. The city is known for its small-town charm, breathtaking scenery and ideal opportunities for exploring the beautiful fjords of Norway.

The flight between Tromsø in northern Norway and Helsinki takes place once a week on Saturdays, with the schedule connecting to Finnair’s Asian flights as well as European flights. Tromsø is situated 350 kilometers north of the Arctic circle, and is famous for its artic nature, the northern lights and a wide variety of outdoor activities ranging from hiking to whale watching.

Both Bergen and Tromsø are ports for the popular Hurtigruten cruises along the Norwegian coastline.

Wideroe:

Finnair retires its last Airbus A340-300

Finnair Airbus A340-313 OH-LQE (msn 938) (Oneworld) BRU (Rainer Bexten). Image: 932726.

Finnair operated its last Airbus A340-300 revenue flight on January 31, 2017 with the pictured OH-LQE. The airliner flew the last flight between Tokyo (Narita) and its Helsinki base. The airline issued this short statement:

End of an era: Last commercial Airbus A340 flight in Finnair livery was flown on January 31 TYO-HEL by OH-LQE. Thank you for 11 amazing years!

Copyright Photo: Finnair Airbus A340-313 OH-LQE (msn 938) (Oneworld) BRU (Rainer Bexten). Image: 932726.

Finnair:

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Finnair to lease four Airbus A321s, updates its fleet plans, E170s to be retired

Finnair Airbus A321-231 WL OH-LZL (msn 6083) (Sharklets) PMI (Javier Rodriguez). Image: 922730.

Finnair (Helsinki) has entered into a Memorandum of Understanding (MOU) with BOC Aviation Pte Ltd (Singapore) to lease four new Airbus A321-200 narrow-body aircraft.

BOC Aviation is a subsidiary of Bank of China, specializing in aircraft leasing. The aircraft are scheduled for delivery to Finnair during the first half of 2017. The lease agreements have a minimum term of eight years.

The airline continued;

In November, Finnair had announced the temporary damp-lease of two A321 aircraft from summer 2016 onwards. This arrangement is intended to cover the transitional period until the delivery of the four A321 aircraft now dry-leased from BOC Aviation for the longer term.

The transactions are part of Finnair’s fleet renewal, the first phase of which consists of replacing aging long-haul A340 wide-body aircraft with modern A350s. With a view to the growing long-haul traffic, feeder capacity is increased by adding seats to existing narrowbody aircraft and replacing some smaller aircraft with larger ones over the next few years. The A321 is Airbus’ largest narrow-body passenger aircraft, and the Finnair configuration will feature 209 seats.

The sale of four surplus aircraft

In the same context, Finnair sells surplus aircraft in accordance with its fleet plan to various buyers. The agreements or MOUs concern one ATR turboprop aircraft used in regional traffic, and two Embraer E170 regional jet aircraft, which will be retired from Finnair and Norra’s traffic in January-February 2016 and subsequently delivered to the buyers.

In addition, Finnair will sell an old A340 wide-body aircraft for part-out in the first half of 2016.

The sale transactions do not have a significant impact on profit and loss.

Copyright Photo: Javier Rodriguez/AirlinersGallery.com. Airbus A321-231 OH-LZL (msn 6083) lands at Palma de Mallorca.

 

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Finnair sells and leases back two Airbus A350-900s with GECAS

First Airbus A350 in Oneworld livery

Finnair (Helsinki) has entered into a memorandum of understanding (MOU) with GE Capital Aviation Services Limited (GECAS), on the sale and leaseback of two Airbus A350-900 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 transaction at present foreign exchange rates is approximately 265 million euro. The lease period is 12 years, and it includes extension options.

Finnair has ordered a total of 19 new A350-900 XWB aircraft in the fleet or on order. Finnair took delivery of its first A350 aircraft (OH-LWA) on October 7, 2015 and the second (OH-LWB, above) on December 14, 2015. According to the currently anticipated delivery schedule, Finnair will have five A350-900 aircraft at the beginning of the second quarter of 2016, seven by the end of 2016, 11 by the end of 2017, and 19 by the end of 2023.

Disclosures on financing arrangements for the A350 aircraft will be made as those agreements are finalized. Finnair’s fleet consists of both owned and leased aircraft.

Copyright Photo: Eurospot/AirlinersGallery.com. The second Finnair Airbus A350-941 (OH-LWB, msn 019) is also the first A350 to appear in the oneworld special livery.

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Finnair to add additional seats to its Airbus narrow body fleet

Finnair Airbus A320-214 OH-LXB (msn 1470) LHR. Image: 928937.

Finnair (Helsinki) has announced this plan to add extra seats to its Airbus narrow body fleet:

Finnair logo

Due to a growing need for feeder traffic capacity, Finnair has decided to improve the space efficiency of its current Airbus narrow-body fleet, operating mainly on its European routes. According to the plan, seats will be added to the aircraft primarily without changing the leg space available to the passenger, so as to preserve travel comfort. Space efficiency will be improved by modifying storage and technical space at the front and rear of the aircraft.

The value of the investment is approximately EUR 40 million, and it includes 22 narrow-body Airbus aircraft in Finnair’s fleet. The cabin layout change excludes five A321ER aircraft, which are already configured according to the plan, having 209 seats. The cabin reconfiguration is estimated to take two weeks per aircraft during 2017. The reconfiguration adds 6 to 13 seats depending on the aircraft type, increasing the passenger capacity of Finnair’s Airbus narrow-body fleet as measured by available seat kilometers by close to 4 percent.

Finnair has previously stated it needs more European feeder traffic capacity with a view to the growth of its long-haul capacity. The additional capacity will be acquired mainly by increasing the average size of its narrow-body aircraft over the next few years.

Copyright Photo: AirlinersGallery.com. Airbus A320-214 OH-LXB (msn 1470) taxies at London (Heathrow).

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