Finnair to invest in new cargo airline
April 23rd, 2011 - 9:11 pm ICT by IANSHelsinki, April 23 (IANS) Nordic carrier Finnair Saturday said it has decided to invest, as a minority shareholder, in a new cargo airline based out of Finland to augment its current cargo capacity and to meet rising demand.
“This shareholding will provide us with additional, cost-efficient cargo capacity, thus enabling continued growth in the steadily increasing Asian freight markets,” says Antero Lahtinen, Finnair’s senior vice president (Cargo).
According to Lahtinen, the move is in line with the company’s long-term strategy of investing in the growth areas of the airline industry.
The new cargo airline plans to commence intercontinental freighter operations from Helsinki by later this year.
Meanwhile, the Nordic carrier said its lounge at Helsinki’s Vantaa airport’s has won an award for being the world’s best lounge by Priority-Pass - the world’s largest independent airport lounge programme.
The company’s lounge was chosen by 40,000 frequently travelling Priority Pass customers, out of 600 lounges in 300 cities.
- Finnair Cargo to launch India service - Aug 20, 2011
- Finnair starts maiden cargo service to India - Sep 16, 2011
- India demand spurs daily Delhi service by Finnair (Lead) - Sep 07, 2010
- Finnair to start daily Helsinki-Delhi service from January - Sep 07, 2010
- Finnair introduces special facilities at 13 airports - Nov 05, 2011
- Finnair to make Helsinki-Delhi operations a daily service - Nov 07, 2010
- At this spa, watch planes go by - Sep 11, 2010
- Finnair Service Angels offer travelers peace of mind - May 11, 2011
- Finnair plans cargo freighter service to India - Aug 25, 2010
- Finnair's business class passengers grew last month - Jan 09, 2010
- Finnair starts service to western China city of Chongqing - May 17, 2012
- Photo on Delhi that made into final of Finnair competition (With Image) - Mar 21, 2012
- Indian food artist to judge Finnair quality - Oct 22, 2011
- Finnair serves seven more Indian cities in pact with Kingfisher - Aug 28, 2011
- Finnair to select passengers' ideas to improve quality - Nov 23, 2011
Tags: airline industry, antero, cargo airline, cargo capacity, finland, finnair, freight markets, freighter, growth areas, helsinki, lahtinen, lounges, minority shareholder, priority, senior vice president, shareholding, term strategy, vantaa airport