Finnair cancels chairman switch after plans upended by Russia flight ban

Finnish carrier Finnair Oyj canceled a planned leadership transition after the closing of Russian airspace upended its long-haul strategy. Jouko Karvinen, chairman since 2017, will remain in the post rather than handing over as planned to Kari Stadigh, the former CEO of Sampo Oyj, the airline said Friday. The men jointly concluded that the planned succession “is not considered appropriate in these circumstances,” Finnair said. “It is important to ensure continuity in the board’s work.” Russia’s invasion of Ukraine has triggered a series of reciprocal air-space closures that have barred Finnair’s access to Siberian pathways between Helsinki and destinations such as Tokyo, Seoul and Beijing. The flights underpin Finnair’s strategy to fly passengers between Europe and Asia using the shortest possible routes, with the associated fuel efficiency benefits. The company now has to reroute key flights around Russia, adding hours to flight times and eroding profitability.<br/>