Finnair Oyj - Company Announcement

Finnair pilots' collective labour agreement negotiations end without results

FINNAIR OYJ     STOCK EXCHANGE RELEASE   3 JUNE 2008 AT 18.15

FINNAIR PILOTS' COLLECTIVE LABOUR AGREEMENT NEGOTIATIONS END WITHOUT RESULTS

The Finnish pilots' association SLL representing Finnair pilots today rejected
the employer side's proposal for a collective labour agreement and announced
that as industrial action it would begin a ban on overtime today at midnight.
No new negotiations have been scheduled. 

“We cannot continue with the negotiations during industrial action. The
proposal made to the employee side was the highest possible we could make in
the fast declining situation that the airline industry is in,” says the
Managing Director of the Association of Support Service Industries Peter
Forsström. 

“Rejection of the proposal shows an inability from the employee side to
understand realities. All news about the airline industry recently has been
bad. Fuel prices are going up at a breath-taking pace and decline of demand has
been severe. In this situation we have nothing to divvy up, with any employee
group,” says Finnair SVP Human Resources Anssi Komulainen. 

The overtime-ban is not expected to affect traffic in coming days.

Finnair Plc
Communications
3.6.2008

Additional information:
Peter Forsström, Managing Director, Association of Support Service Industries,
tel. +358 400 406 584 
Anssi Komulainen, SVP Human Resources, Finnair, tel. +358 400 665 580