FINNAIR PLC STOCK EXCHANGE RELEASE 1 August 2011 AT 17:40
Finland’s competition authorities have approved the acquisition, announced on July 1, 2011, by which the company Flybe Nordic AB, jointly owned by Flybe and Finnair, will purchase Finnish Commuter Airlines. Flybe owns 60% of Flybe Nordic and Finnair 40%. Flybe will be in charge of the operative management of the new company.
The joint vision of Flybe and Finnair is to build Flybe Nordic into the leading regional airline of the Nordic countries and the Baltic area. In addition to operating in Finland, the intention is to extend the new airline’s network into Sweden, Denmark, Estonia and Latvia.
Finnair Plc
Communications
Further information:
Arja Suominen, Senior Vice President, Communications and Corporate Responsibility
tel. +358 9 818 4028