CORPORATE MANAGEMENT

Chief Executive Officer and Deputy Chief Executive Officer
Finnair Plc has a Chief Executive Officer, whose task is to manage the company's operations according to guidelines and instructions issued by the Board of Directors. The Board of Directors appoints and dismisses the Chief Executive Officer and decides on his terms of employment. The Board of Directors also appoints and dismisses the Deputy Chief Executive Officer. In 2007, Finnair Plc's Chief Executive Officer was President and CEO Jukka Hienonen and the Deputy Chief Executive Officer was Henrik Arle, EVP Scheduled Passenger Traffic.

President & CEO Jukka Hienonen was paid a salary of 456,999 euros and fringe benefits of 29,429 euros in 2007. Deputy CEO Henrik Arle was paid a salary of 238,337 euros and fringe benefits of 11,670 euros in 2007. Under a share bonus scheme, no shares were transferred in 2007 at all.

The Chief Executive Officer and the Deputy Chief Executive Officer have the right to retire at the 60 years of age on a full pension of 60 per cent of pensionable salary. The Chief Executive Officer's and the Deputy Chief Executive Officer's contracts may be terminated with a period of notice of six months. In addition to salary for the period of notice, they are entitled to severance compensation equivalent to 12 months' salary, if the contract is terminated for reasons independent of them.

Changes in company administration in 2007
Anssi Komulainen, began as SVP Human Resources on 1 February 2007. He moved to the post from his duties as Managing Director of Finnair Catering Oy. In his place, Kristina Inkiläinen was appointed Managing Director of Finnair Catering Oy and SVP Catering as of 30 April 2007.

Finnair's Legal Counsel Sami Sarelius was appointed Vice President and General Counsel of the company as of 1 February 2007. He also acts as secretary to the company's Board of Directors and Board of Management.

Tero Vauraste, Managing Director of the Group's ground handling company Northport Oy, resigned from his post on 31 May 2007. He was succeeded as Managing Director of the company by Jukka Hämäläinen as of 13 August 2007.

SVP Flight Operations Hannes Bjurström resigned from the company on 1 November 2007. He was succeeded by Veikko Sievänen, who previously served as Finnair's Chief Pilot.

Finnair Plc's Executive Board
Finnair Plc's Executive Board meets approximately 20 times a year and its tasks include the handling of Group-wide development projects as well as Group level principles and procedures. In addition, the Executive Board is informed about, among other things, the business plans of the Group and sector companies, financial performance, and matters to be dealt with by Finnair Plc's Board of Directors, in the preparation of which it participates.

The Executive Board includes: President & CEO Jukka Hienonen (Chairman) and members Deputy CEO Henrik Arle, SVP Communications Christer Haglund, Chief Financial Officer Lasse Heinonen, SVP Commercial Division Mika Perho, SVP Human Resources Anssi Komulainen, SVP Technical Operations Kimmo Soini and SVP Leisure Traffic and Travel Services Kaisa Vikkula.

Finnair Group Board of Management
The Finnair Group's Board of Management comprises, in addition to members of the Executive Board, Northport Oy's Managing Director Jukka Hämäläinen, Finnair Catering Oy's Managing Director Kristina Inkiläinen, Finnair Cargo Oy's Managing Director Antero Lahtinen, and VP Flight Operations Veikko Sievänen as well as personnel representatives, namely Purser Mauri Koskenniemi, Chairman of the Finnish Flight Attendants' Association SLSY, Purser Tiina Sillankorva, Chairman of the Finnair Senior White Collar Workers Association, Systems Analyst Timo Kettunen, Chairman of the Finnish Flight Workers Association, and Juhani Sinisalo, Representative of the Finnair Personnel Fund.

The Board of Management is informed about, among other things the business plans and financial performance of the Group and sector companies. Also, investment within the authority limits of CEO are decided in The Board of Management. The Board of Management meets approximately ten times per year.

Corporate governance of subsidiaries
The members of the boards of directors of the most significant subsidiaries are selected from individuals belonging to Finnair Group management as well as from representatives proposed by the personnel groups. The key tasks of the boards of directors of subsidiaries are strategy preparation, approving the operational plan and budget, and deciding on investments and commitments within the limits of instructions issued by the Board of Directors of Finnair Plc.