Finnair CEO Sees Cash Flow Funding $4.5 Billion Fleet Plan
- Modernization of European fleet will cut fuel costs, emissions
- Mega trends mean Asia remains lucrative market for carrier
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Finland’s national carrier Finnair Oyj is starting its next big round of investments: as much as 4 billion euros ($4.5 billion) on modernizing and expanding its narrow-body fleet of aircraft to fly between European cities.
The investment comes on top of 2 billion euros spent over the past five years on transforming Finnair’s long-haul fleet to boost fuel efficiency, and in the process cut costs and emissions.