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2016-01-15

Finnair: Finnair secured financing for its third A350 aircraft

Finnair Plc Stock Market Release 15 January 2016 at 3:45 PM EET

Finnair has secured financing, arranged by BNP Paribas, for its third
Airbus A350-900 XWB, which was delivered on 30 December 2015. The
transaction amounts to approximately EUR 135 million, implemented
using a Japanese Operating Lease with Call Option (JOLCO) structure,
where the transaction amount is treated in Finnair's IFRS accounting
as a loan and the aircraft as owned.

"We are pleased to have secured financing at highly competitive rates
for the full market value of our latest A350-900 delivery. This
transaction, which involves investors in our core markets of Europe
and Asia, is further evidence of the continued confidence shared by
the financing community in Finnair, and the critical role of the A350
fleet in our growth strategy", states Finnair CFO Pekka Vähähyyppä.

The transaction is part of Finnair's diversified financing plan for
its ongoing long-haul fleet renewal program, which currently consists
of 19 new Airbus A350-900 XWB aircraft scheduled for delivery between
2015 and 2023. As previously announced, the first two A350s that have
already been delivered, and a further two expected to be delivered in
2016 and 2017, have been financed through sale and leaseback
agreements with GECAS.

Finnair's first A350s have commenced revenue flights from Helsinki to
Shanghai, Beijing and Bangkok. The next A350 destinations will be
Hong Kong and Singapore.

The fleet operated and owned by Finnair is listed on the company's
website at www.finnairgroup.com.

FINNAIR PLC

Communications

Further information:
Finnair communications, tel. +358 9 818 4020, comms(a)finnair.com

Distribution:
Nasdaq Helsinki
Principal media

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 2014, Finnair's revenues amounted to EUR 2,400
million and it had a personnel of almost 4,500 at the year-end.
Finnair Plc's shares are quoted on Nasdaq Helsinki.

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http://news.cision.com/finnair/r/finnair-secured-financing-for-its-third...

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