Finnair: Norra Transaction Approved by Finnish Competition Authority

Regulatory News:

Finnair Plc (HEX:FIA1S)    Stock Exchange Release      19 November 2015 at 8:00 am EET

The Finnish Competition and Consumer Authority has approved the transaction in which Finnair transfers 60% of the shares in Nordic Regional Airlines AB to StaffPoint Holding Oy and Kilco Oy. Upon completion of the sale, StaffPoint’s ownership in the joint venture will be 45%, Kilco’s 15% and Finnair’s 40%. The transaction is expected to close in November 2015.

Finnair has previously issued a stock exchange release on the transaction on 4 November 2015.

Finnair Plc Communications

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 one world 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.

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