Finnair Plc Stock Exchange Release 20 May 2020 at
1.55 p.m. EEST
The Finnish Government has today approved that the State of Finland guarantees
Finnair’s pension premium loan up to 540 million euros. With the state
guarantee, Finnair aims to further secure its cash position and business
continuity also after the exceptional situation caused by the corona crisis.
Further, a commercial bank has guaranteed up to 60 million euros of the loan.
The arrangement is compliant with the EU state aid regulations and has been
approved by the European Commission on 18 May 2020.
Finnair plans to draw part of the pension premium loan during the second quarter
of 2020.
FINNAIR PLC
Further information:
Finnair communications, 358 9 818 4020, comms@finnair.com
Distribution:
NASDAQ OMX Helsinki
Principal media
Finnair is a modern premium 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 is the only Nordic
network carrier with a 4-star Skytrax ranking and a member of the oneworld
alliance. In 2019, Finnair’s revenues amounted to EUR 3,098 million and it
carried over 14.7 million passengers. Finnair Plc’s shares are quoted on the
Nasdaq Helsinki stock exchange.