Finnair Oyj - Company Announcement

FINNAIR TO PARTICIPATE IN NEW CARGO AIRLINE VENTURE

FINNAIR PLC                 STOCK EXCHANGE RELEASE               30 March 2011 
AT 16.00 

Due to increased cargo demand, Finnair Cargo has decided to participate, as a
minority shareholder, in Nordic Global Airlines Ltd (NGA), a new all-cargo
airline based in Helsinki, Finland. This is in line with previously announced
Finnair plans and reflects the company's strategy of investing in growth areas
of the airline industry. 

“This shareholding will provide us with additional, cost-efficient cargo
capacity, thus enabling continued growth in the steadily increasing Asian
freight markets,” says Antero Lahtinen, Finnair's Senior Vice President, Cargo.
“This move reflects our long-term strategy of seeking profitable growth by
partnering other industry players in areas where we identify interesting
business opportunities.” 

The other owners of NGA are the US-based Neff Capital Management LLC and the
Ilmarinen Mutual Pension Insurance Company. 

The new airline aims to commence intercontinental freighter operations from
Helsinki later this year. 

Finnair Plc
Communications

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

Additional information:
Finnair Media Desk tel. +359 9 818 4020, comms(a)finnair.fi