Finnair secured financing for its fourth A350 aircraft


Finnair Plc             Stock Market Release               22 April 2016 at 4:30
pm EET

Today, Finnair has secured financing for its fourth Airbus A350-900 XWB,
delivered in March 2016. The transaction amounts to approximately EUR 115
million, implemented using a Japanese Operating Lease with Call Option (JOLCO)
structure arranged by Credit Agricole. The transaction relates to Finnair’s
ongoing long-haul fleet renewal program, which currently consists of 19 new
Airbus A350-900 XWB aircraft delivered between 2015 and 2023.

“This latest transaction is part of a multi-year capital structure plan to renew
Finnair’s widebody fleet and ensure that we continue to offer our customers a
best-in-class connection from Europe to Asia. It is further proof that the
continued improvement in Finnair’s financial performance is allowing us to
access some of the most competitively-priced asset-backed financing available”,
states Finnair CFO Pekka Vähähyyppä.

Finnair’s first A350s are currently operating from Helsinki to Shanghai,
Bangkok, and Hong Kong. Following the entry of the new A350, Hong Kong will be
operated fully on an A350.

The fleet operated and owned by Finnair is listed on the company’s website at
www.finnairgroup.com.

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.