The Finnish competition authority approved Flybe Nordic transaction


The Finnish Competition and Consumer Authority has approved the transaction in
which Flybe UK Ltd’s 60 % ownership of Flybe Nordic venture will be transferred
to StaffPoint Holding Ltd and G.W. Sohlberg Ltd (GWS) . The letter of intent on
this transaction was announced on 7 January 2015. Upon completion of the sale,
StaffPoint’s ownership in the joint venture will be 45%, GWS’s 15% and Finnair’s
40%. The transaction is expected to be closed in early February 2015.

Flybe Nordic owns fully the Finnish subsidiary Flybe Finland, which is in charge
of Finnair’s regional airline operations. Flybe Finland currently operates to a
number of domestic and European destinations from Helsinki on behalf of Finnair
on a contract-flying basis. In addition, Flybe Finland operates to five domestic
destinations as well as Tartu, Estonia and Norrköping, Sweden at its own
commercial risk.

Previous stock exchange releases regarding this transaction were published on 7
January 2015 and 11 November 2014.
Further information:
Finnair communications, tel. +358 9 818 4020, comms(a)finnair.com

Distribution:
NASDAQ OMX Helsinki
Principal media