Finnair finances newest A350 aircraft

Finnair (HEX:FIA1S) has secured financing, arranged by BNP Paribas, for its fifth Airbus A350-900 XWB, which was delivered on 29 April 2016, the company said.

The transaction amounts to approximately EUR128 million, implemented using a Japanese Operating Lease with Call Option (JOLCO) structure.

Finnair is a 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´s vision is to offer its passengers a unique Nordic experience, and its mission is to offer the smoothest, fastest connections in the northern hemisphere via Helsinki and the best network to the world from its home markets. Finnair is the only Nordic carrier with a 4-star Skytrax ranking and a member of the oneworld alliance. In 2015, Finnair´s revenues amounted to EUR 2,255 million and it had a personnel of 4,800 at the year-end.