Finnair Oyj - Company Announcement

Finnair to start repurchases of own shares

Finnair Plc      Stock Exchange Release      18 December 2015 at 9:10 am EET

The Board of Directors of Finnair Plc has decided to utilise the authorisation
given by the Annual General Meeting held on 25 March 2015 to repurchase the
company's shares. The maximum number of shares to be acquired is 800,000
corresponding to about 0.62% of the total number of Finnair's shares and votes.
Finnair currently holds a total of 325,205 of own shares, corresponding to
approximately 0.25% of the total number of the shares and votes.

The closing price of Finnair share on 17 December 2015 was EUR 4.98, at which
800,000 shares would cost approximately EUR 4.0 million.

The share repurchases will start on 28 December 2015 at the earliest, and will
end no later than the last of May 2016. The shares shall be acquired through
public trading on the Nasdaq Helsinki exchange at the market price prevailing at
the time of repurchase.

Repurchased shares will be used primarily for implementation of Finnair's
Employee Share Savings Plan (FlyShare) and long-term share-based incentive
scheme for key personnel. The terms of the share plan and incentive scheme can
be viewed on Finnair's website at www.finnairgroup.com under section
Governance/Remuneration.

Finnair's Board of Directors has an authorisation to acquire 5,000,000 of the
company's own shares, which is valid until 25 September 2016.

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.