Finnair Oyj - Company Announcement

FINNAIR SELLS TWO BOEING MD-11 AIRCRAFT

Finnair is selling the last two Boeing MD-11 aircraft in its ownership to       
Russian airline Aeroflot. The aircraft which are currently serving in Finnair's 
long-haul traffic will be transferred to the new owner in November 2008 and July
2009. The value of the sale is several tens of millions of euros.               

Finnair operates altogether seven MD-11 aircraft, five of which have leasing    
agreements ending in the next few years. Finnair is retiring the aircraft type  
by the end of 2010 after which the long-haul fleet will consist of Airbus A330  
and A340 aircraft exclusively.                                                  

“There is great demand for MD-11 aircraft in the market now, so the time of the 
sale was fortunate. We have timed the sale as well as the end of the leases of  
the MD-11s with the orders of new Airbuses. We will move to a new type of       
aircraft in our long-haul seamlessly and at a quickened pace. The new aircraft  
significantly improve fuel and eco-efficiency as well as the passenger comfort,”
says Finnair CFO Lasse Heinonen.                                                

Finnair has orders for four new Airbus A340 aircraft, the first of which will   
arrive already at the end of May. In 2009-10 the long-haul fleet will grow with 
a further six new A340s or A330s. In addition Finnair has four options for      
Airbus wide body aircraft. In 2014-16 part of the long-haul fleet will be       
renewed with new technology Airbus A350XWB aircraft, 11 of which are on order   
with a further four options.                                                    

Finnair's long-haul network will have ten Asian destinations in the coming      
summer, six of which will be operated daily. Finnair's Asian traffic is expected
to grow by over 30 per cent this year.                                          


Finnair Plc                                                                     
Communications                                                                  
15.5.2007                                                                       


Additional information:                                                         
Lasse Heinonen, CFO, tel. +358 9 818 4950                                       
Colin Molloy, Managing Director, Finnair Aircraft Finance Oy, tel. +358 9 818   
6580