Finnair has signed Momerandum of Understanding on the sale of three Embraer 170 aircraft

Regulatory News:

Finnair Plc          Stock Exchange Release               5 May 2014        at 10:05 EET

Finnair Aircraft Finance Oy, Finnair's fleet management subsidiary, has signed a Memorandum of Understanding with Infinity Aviation Capital LLC, a US-based aircraft leasing company, on the sale of three Embraer 170 aircraft to affiliates of Infinity Aviation Capital LLC. The value of the arrangement is approximately USD 40 million, and the transactions are expected to close in the second half of 2014. The sale of the three aircraft will not have significant impact on Finnair’s 2014 result.

Two of three aircraft are currently operated by Kenya Airways and one by Aeroliteral Mexico. At the time of the transaction, all three aircraft will be operated by Aeromexico Connect.

The transactions are a part of Finnair’s aim to focus on its core business. After the sale, Finnair Aircraft Finance owns only aircraft operated by Finnair or its affiliated company Flybe Finland. The fleet operated and owned by Finnair is presented on the company’s website at www.finnairgroup.com.

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