Finnair completes sale of three Embraer 170 aircraft

On May 5th 2014, Finnair Aircraft Finance Oy, Finnair’s fleet management subsidiary, signed a Memorandum of Understanding on the sale of three Embraer 170 aircraft to affiliates of Infinity Aviation Capital, a US-based aircraft leasing company. The transactions have now been finalised, and their total value was approximately US$40m. The sale of the three aircraft does not have significant impact on Finnair’s 2014 result. The transactions are a part of Finnair’s aim to focus on its core business. After the sale, Finnair Aircraft Finance owns only aircraft operated by Finnair or its affiliated company Flybe Finland.