Finnair’s pension premium loan up to 600 million euros is guaranteed by the State of Finland up to 540 million euros and by a commercial bank up to 60 million euros

Finnair Plc               Stock Exchange Release                20 May 2020 at 1.55 p.m. EEST

The Finnish Government has today approved that the State of Finland guarantees Finnair’s pension premium loan up to 540 million euros. With the state guarantee, Finnair aims to further secure its cash position and business continuity also after the exceptional situation caused by the corona crisis. Further, a commercial bank has guaranteed up to 60 million euros of the loan.

The arrangement is compliant with the EU state aid regulations and has been approved by the European Commission on 18 May 2020.

Finnair plans to draw part of the pension premium loan during the second quarter of 2020.

FINNAIR PLC

Further information:
Finnair communications, 358 9 818 4020, comms@finnair.com

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Finnair is a modern premium network airline, specialising in passenger and cargo traffic between Asia and Europe. Helsinki’s geographical location gives Finnair a competitive advantage, since the fastest connections between many European destinations and Asian megacities fly over Finland. Finnair is the only Nordic network carrier with a 4-star Skytrax ranking and a member of the oneworld alliance. In 2019, Finnair’s revenues amounted to EUR 3,098 million and it carried over 14.7 million passengers. Finnair Plc’s shares are quoted on the Nasdaq Helsinki stock exchange.