FINNAIR PLC STOCK EXCHANGE RELEASE 10 JUNE 2010 12:00
Finnair will order five new Airbus A321ER aircraft. This type of aircraft is a
further development of the type of aircraft already used by the company that
forms the backbone of the European fleet. The aircraft's range is over 5,000
kilometres, which allows, for example, direct flights from Finland to the
Canary Islands. Finnair is the first to order this developed version of A321.
The first delivery is scheduled in 2013. In the next few years, the new
aircraft will replace four Boeing 757 aircraft used on leisure flights.
- Finnair's fleet is one of the most modern in the world. The new type of
aircraft is more fuel efficient than before and it produces less emissions. At
the same time, the acquisition will standardise the Finnair fleet, allowing
long-haul, European and leisure traffic aircraft to be flown by the same crews,
said Finnair's SVP Corporate Communications Christer Haglund at ILA Berlin Air
The new wing-tip sharklets reduce fuel consumption by up to four percent.
Engine manufacturer has not yet been selected. The aircraft to be used by
Finnair will have around 200 seats.
Finnair has systematically renewed its fleet since 1999, when the modernisation
of the European traffic fleet began. The fleet renewal will reduce emissions by
at least 41 percent from 1999 to 2007. The Finnair fleet currently consists of
29 Airbus A320 aircraft and 12 long-haul Airbus A330 and A340 aircraft. At the
end of the year, one more A330 long-haul aircraft will join the fleet. In
addition, Embraer aircraft are used in domestic and European feeder traffic.
The order is valued at over 400 million euros based on list prices. The five
narrow-bodied aircraft will replace an order for two long-haul aircraft planned
for 2012-2013. As other airlines reduce their capacities, it is possible to
find aircraft to meet the possible needs of long-haul traffic growth on
The new aircraft will deliver improved synergy between Finnair's scheduled and
leisure flight operations. Finnair's goal in the next few years is to increase
its market share of the growing leisure flight market.
- The reorganisation of flight production last year and the new aircraft give
us an opportunity to offer competitive leisure travel products to both Finnair
Group's tour operator Aurinkomatkat-Suntours and other tour operators, says
10 June 2010
Taneli Hassinen, VP Financial Communications and IR, tel. +358 9 818 4976