Finnair Secures Loan Guarantee; Looks At Further Cuts

Credit: Nigel Howarth / AWST
Finnair has secured European Commission (EC) clearance for up to €600 million ($656 million) in loan guarantees, but the airline is now seeking another €80 million in cost savings and has warned of further job cuts. The €600 million in funding, which comprises a state-guaranteed loan of up to €540...
Victoria Moores

Victoria Moores joined Air Transport World as our London-based European Editor/Bureau Chief on 18 June 2012. Victoria has nearly 20 years’ aviation industry experience, spanning airline ground operations, analytical, journalism and communications roles.

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