Finnair Oyj - Company Announcement

Finnair proceeds with its growth strategy; expands and modernises its European fleet

Finnair Plc Stock Exchange Release 30 December 2015 at 5 pm EET

The lease of four A321 narrowbody aircraft

Finnair has entered into a Memorandum of Understanding with BOC Aviation Pte Ltd
(“BOC Aviation”) to lease four new Airbus A321-200 narrow-body aircraft. BOC
Aviation is a Singapore-based subsidiary of Bank of China, specialising in
aircraft leasing. The aircraft are scheduled for delivery to Finnair during the
first half of 2017. The lease agreements have a minimum term of eight years.

In November, Finnair had announced the temporary damp-lease of two A321 aircraft
from summer 2016 onwards. This arrangement is intended to cover the transitional
period until the delivery of the four A321 aircraft now dry-leased from BOC
Aviation for the longer term.

The transactions are part of Finnair’s fleet renewal, the first phase of which
consists of replacing aging long-haul A340 wide-body aircraft with modern A350s.
With a view to the growing long-haul traffic, feeder capacity is increased by
adding seats to existing narrowbody aircraft and replacing some smaller aircraft
with larger ones over the next few years. The A321 is Airbus’ largest narrow
-body passenger aircraft, and the Finnair configuration will feature 209 seats.

The sale of four surplus aircraft

In the same context, Finnair sells surplus aircraft in accordance with its fleet
plan to various buyers. The agreements or MoUs concern one ATR turboprop
aircraft used in regional traffic, and two Embraer E170 regional jet aircraft,
which will be retired from Finnair and Norra’s traffic in January-February 2016
and subsequently delivered to the buyers. In addition, Finnair will sell an old
A340 wide-body aircraft for part-out in the first half of 2016. The sale
transactions do not have a significant impact on profit and loss.

The fleet currently owned and operated by Finnair is available 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.