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Finnair News Stories

Finnair Loss Hits Turnaround Hopes

April 26, 2013

Finnish flag carrier Finnair reported a larger-than-expected loss in the first quarter, disappointing investors' hopes for a quicker turnaround after cost cuts and an expansion in profitable long-haul routes.
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Finnair Picks Cargotec Exec As New CEO

April 4, 2013

Finnair named Cargotec executive Pekka Vauramo as its new chief executive and said his experience in Asia would help the Finnish national airline's efforts to expand routes to the region.
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Finnair Needs A Partner To Stay Afloat

February 8, 2013

Finnair's departing chief executive Mika Vehvilainen will leave the airline in stronger financial health than when he took over four years ago, but he will also be leaving his successor the toughest part of the turnaround: finding partners.
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Finnair State Ownership Rule May End Soon

February 4, 2013

Finland's parliament will likely vote in the next few months for a change allowing the government to cut its stake in Finnair, a minister said, opening the way for alliances and M&A deals by the struggling state-controlled airline.
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Finnair Proposes Heinemman As New Chairman

January 30, 2013

Finnish state-controlled airline Finnair has proposed Klaus Heinemann be appointed as its new board chairman.
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Cargotec Confirms Finnair Boss As CEO

January 28, 2013

Finland's Cargotec has hired Finnair boss Mika Vehvilainen as its new chief executive, hoping he can replicate his successful turnaround of the airline at the cargo-handling equipment maker.
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Finnair CEO Leaving To Head Cargotec - Report

January 15, 2013

Finnair chief executive Mika Vehvilainen will leave the airline to lead cargo handling equipment maker Cargotec, Finnish financial magazine Talouselama reported in its online edition on Tuesday.
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Finland Should Cut Its Finnair Stake - Minister

November 30, 2012

Finland should cut its controlling stake in Finnair to free up the airline to form the partnerships it needs to stand up to competition from low-cost carriers, a minister said.
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Finnair Sees Profit This Year, Plans More Cuts

October 26, 2012

Finnair said it was likely to turn profitable this year on an underlying basis for the first time since 2008, as its cost-cutting plans were proceeding faster than expected.
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Finnair Seals Flybe Deal On European Routes

October 12, 2012

Struggling Finnish carrier Finnair said on Friday that British low-cost airline Flybe would start to operate one-third of its European routes from October 28.
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EU Court Says Pax Deserve More Compensation

October 4, 2012

Airlines cannot use strikes as an excuse not to pay compensation to people they bump off flights, Europe's highest court said on Thursday, widening the scope of passenger rights in the European Union.
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Two Arriving Flights Searched At JFK

September 17, 2012

A telephone threat to two planes arriving at New York's JFK Airport on Monday prompted authorities to search the aircraft after they landed but nothing was found, officials said.
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