Finnair is ready to consolidate or to establish a joint air venture with another airline, indicated both board chairman Klaus Heinemann and CEO Pekka Vauramo in their addresses at the general meeting of the state-owned airline on Thursday. Heinemann viewed in his opening address that maintaining the ownership structure of Finnair may not ultimately be in the interests of the airline. According to him, Finnair should instead transfer some of its shares to another airline through an offering or share exchange offer.
HS in English
Finnair ready to consolidate
“Companies such as Finnair have become a dying breed of air transport. It is clear that consolidations will continue in Europe,” Heinemann stated, encouraging shareholders to consider the alternative ownership options available to Finnair.