Finnair defers delivery of three remaining Airbus A350s

Finnair has reached an agreement with Airbus to defer delivery of its three outstanding A350-900s by around two years. The carrier says the three A350-900s were originally scheduled for delivery from Q2 of next year through to Q2 2022. Finnair says the new delivery dates are, on average, 24 months later than originally scheduled. Deferring the deliveries will reduce Finnair’s cash flow from investing activities by around E200m in 2021. Finnair senior VP finance and fleet management Christine Rovelli says: “Finnair has been in intensive negotiations with all of its suppliers during the Covid-19 pandemic, seeking to reduce expenditures in order to support our ramp-up plans when traffic recovers. This agreement will give us more flexibility to deploy the existing fleet more efficiently and improve cash flow.” Finnair has already taken delivery of 16 of the 19 A350-900s it ordered.<br/>