FINNAIR AGREES SALE AND LEASEBACK OF ITS NEWEST AIRBUS AIRCRAFT

FINNAIR PLC STOCK EXCHANGE RELEASE 3.1.2011 AT 12.30

Finnair has agreed a sale and leaseback of its newest Airbus A330 aircraft in a transaction arranged by BBAM LLC and its affiliates for syndication into the Japanese operating lease market. The aircraft was delivered to Finnair by Airbus, which manufactured the aircraft, at the end of November. The leasing agreement is of nine years’ duration.

“During the credit crisis, we recognised all new long-haul aircraft in our balance sheet. As the leasing market has now improved, we are seeking to diversify our ownership risk once again,” says Maunu Visuri, Managing Director of Finnair Aircraft Finance Oy, which manages Finnair’s fleet.

An affiliate of BBAM LLC, one of the world’s largest managers of aircraft subject to operating lease, will act as manager and remarketing agent for the aircraft.

Finnair Plc
Communications
3.1.2011

Taneli Hassinen
Vice President, Financial Communications and Investor Relations
tel. +358 9 818 4976