Cargo airline NGA’s operations will discontinue
Finnair Plc Stock Exchange Release 8 May 2015 at 4:00 p.m. EET The Board of Directors of Finnair's associated company Nordic Global Airlines Ltd (NGA) has decided to discontinue NGA's operations by 31.05.2015. The termination of the operations has no material impact on Finnair's cargo business, or Finnair's financial position.NGA, focused on cargo freighter operations, was founded in 2011. Since then NGA grew to fly main-deck cargo in four continents with its low-cost and thin-organization model, but with overcapacity in the sector and depressed freight