Finnair to sell facilities at Helsinki Airport to Finavia


Finnair Plc         Stock Exchange Release          1 December 2015 at 9:00 am
EET

Finnair’s strategic objective is to double its Asian traffic by 2020 from the
level of 2010. To enable its growth, Finnair has ordered 19 new Airbus A350 XWB
aircraft, which also increase Finnair’s cargo capacity considerably. With a view
to the growth of its cargo traffic, Finnair is constructing a new state-of-the
-art cargo terminal to be completed in 2017. At the same time, Finavia, the
airport operator, has launched development and expansion of the passenger
terminal at Helsinki Airport to cater for the needs of increasing traffic.

As part of the development of the infrastructure of Helsinki Airport, Finnair
has sold certain facilities at the Helsinki Airport area to Finavia. The
transactions comprise Finnair’s present cargo terminal to be decommissioned in
2017 and an office building currently owned jointly by Finnair and Finavia. In
addition, the termination of a land lease agreement for one aircraft hangar has
brought earlier in order to enable Finavia’s investments to expand the Helsinki
Airport terminal.

To replace the hangar, Finnair has purchased another hangar from Elo Mutual
Pension Insurance Company. The transactions will enable the development of
Helsinki Airport in accordance with Finavia’s and Finnair’s growth plans. Their
combined non-recurring positive impact on Finnair’s operating profit in 2015 is
approximately 15 million euro.

Finnair’s cargo operations will continue in the sold terminal until they are
relocated to the new terminal in 2017. The surrendered aircraft hangar will be
demolished to enable expansion of the passenger terminal at Helsinki Airport,
and Finnair will move its operations to the hanger purchased from Elo. Finnair
and Finavia’s subsidiary LAK have concluded a long-term rental agreement for the
facilities used by Finnair in the sold office building.

Finnair Plc

Communications
Further information:
Finnair communications, tel. +358 9 818 4020, comms(a)finnair.com

Distribution:
Nasdaq Helsinki
Principal media
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 2014, Finnair’s
revenues amounted to EUR 2,400 million and it had a personnel of almost 4,500 at
the year-end. Finnair Plc’s shares are quoted on Nasdaq Helsinki.