Finnair Oyj - Company Announcement

Finnair Technical Services' warehousing operations to Suomen Transval Oy

FINNAIR PLC         STOCK EXCHANGE RELEASE        31.5.2011     14.25

As part of the restructuring of Finnair Technical Services, Finnair Technical
Services Oy and Finland Transval Oy have today signed a business transfer
agreement on Finnair Technical Services' warehousing operations. The agreement
will enter into affect on 1 June 2011, when approximately 60 Finnair Technical
Services employees will transfer to the service of Suomen Transval Oy. 

“In cooperation with Suomen Transval, our goal is to safeguard future jobs and
at the same time seek flexible service for Finnair with a familiar logistics
partner,” says Vice President Erkka Suvikumpu of Finnair Technical Services. 

“We have already had many productive years of working with Finnair. The new
agreement will give a valuable boost in our growing, flexible cooperation with
Finnair,” says Managing Director Risto Vilo of Suomen Transval Oy. 

Finnair Technical Services' statutory consultation on its restructuring, which
began in mid-February, ended in March. Discussions concerned Finnair Technical
Services' plans to discontinue aircraft maintenance in respect of the heavily
loss-making base maintenance of aircraft, mainly offered to companies outside
Finnair. Finnair will continue maintenance and repair operations for its own
fleet. 

The job reduction plan related to Finnair Technical Services' restructuring has
been adjusted and there will be approximately 400 redundancies. Finnair
Technical Services currently has around 1,600 employees. 

Finnair Plc
Communications
31.5.2011

Arja Suominen
SVP, Corporate Communications and Corporate Responsibility
tel. +358 9 818 4028

Further information:
Erkka Suvikumpu, Vice President, Support Services, Finnair Technical Services,
tel. +358 9 818 5451
Kimmo Soini, Managing Director, Finnair Technical Services, tel. +358 9 818 6435
Risto Vilo, Managing Director, Finland Transval Oy, tel. +358 400 904 253