Good News from Thu, 24 May, 2012:

Finnair saves costs by shifting flights to Flybe

Finnair is transfering twelve its Embraer aircraft to Flybe which is 40 percent owned by Finnair. Finnair is transfering twelve its Embraer aircraft to Flybe which is 40 percent owned by Finnair.
The Finnish carrier Finnair is shifting third of its European services to Flybe Finland, and as a part of the deal Finnair will transfer twelve 100 seat Embraer aircraft to Flybe. In connection with this business transfer, cabin attendants and pilots for this traffic will transfer with the business, unless otherwise agreed in negotiations with personnel.

The move is part of Finnair’s efforts to improve the profitability of its European network. Finnair is proceeding on track with its transformation program that targets EUR 140 million savings to restore profitability and improve competitiveness.

According to a Finnair press release, the change “will be virtually unnoticed”. Finnair continues to be responsible for sales, marketing and customer support, but the flights are operated by Flybe.

— Flybe offers a cost efficient platform for operating this traffic, and enables us to continue to offer a wide network and multiple frequencies to both our Finnish customers and our customers flying between Europe and Finnair’s Asian destinations, says Mika Vehviläinen, Finnair CEO

From October 2012, Flybe will operate aircrafts on Finnair’s European routes. Last year Finnair and Flybe formed Flybe Nordic AB, of which Flybe owns 60 percent and Finnair 40 percent.

www.finnair.com

MM