Finnair CE sees cash flow funding US$4.5b fleet plan
Finnair is starting its next big round of investments: as much as E4b (US$4.5b) on modernising and expanding its narrow-body fleet of aircraft to fly between European cities. The investment comes on top of E2b spent over the past 5 years on transforming Finnair’s long-haul fleet to boost fuel efficiency, and in the process cut costs and emissions. CE Topi Manner says the extra spending will be covered by the company’s strong cash flow. Finnair is currently mostly an Airbus operator and recently announced plans to expand the fleet by about one-fifth to 100 planes. Finnair's operating cash flow has more than doubled since 2016. Manner says Finnair will generate more cash as it increasingly relies on digital technology and automation. He also said fuel efficiency is high on the airline’s list of priorities. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-12-16/oneworld/finnair-ce-sees-cash-flow-funding-us-4-5b-fleet-plan
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Finnair CE sees cash flow funding US$4.5b fleet plan
Finnair is starting its next big round of investments: as much as E4b (US$4.5b) on modernising and expanding its narrow-body fleet of aircraft to fly between European cities. The investment comes on top of E2b spent over the past 5 years on transforming Finnair’s long-haul fleet to boost fuel efficiency, and in the process cut costs and emissions. CE Topi Manner says the extra spending will be covered by the company’s strong cash flow. Finnair is currently mostly an Airbus operator and recently announced plans to expand the fleet by about one-fifth to 100 planes. Finnair's operating cash flow has more than doubled since 2016. Manner says Finnair will generate more cash as it increasingly relies on digital technology and automation. He also said fuel efficiency is high on the airline’s list of priorities. <br/>
