Finnair secured financing for its newest A350 aircraft
Finnair Plc Stock Exchange Release 19 May 2016 at 5:00 PM EET
Finnair has secured financing, arranged by BNP Paribas, for its fifth Airbus A350-900 XWB, which was delivered on 29 April 2016. The transaction amounts to approximately EUR 128 million, implemented using a Japanese Operating Lease with Call Option (JOLCO) structure.
“This transaction represents yet another successful A350-900 financing for Finnair, and the third we have done using this structure. We are thrilled that financiers and investors are enthusiastic about the A350 as a long-term investment, since this aircraft type is the base from which we will continue to execute our growth strategy in Asia”, states Finnair CFO Pekka Vähähyyppä.
The fleet operated and owned by Finnair is listed on the company’s website at www.finnairgroup.com.
Finnair communications, tel. +358 9 818 4020, comms(a)finnair.com
Finnair is a 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’s vision is to offer its passengers a unique Nordic experience, and its mission is to offer the smoothest, fastest connections in the northern hemisphere via Helsinki and the best network to the world from its home markets. Finnair is the only Nordic carrier with a 4-star Skytrax ranking and a member of the oneworld alliance. In 2015, Finnair’s revenues amounted to EUR 2,255 million and it had a personnel of 4,800 at the year-end. Finnair Plc’s shares are quoted on Nasdaq Helsinki.