newstodate.aero
MAr 28, 2014 (newstodate): Opening speeches at Finnair's Annual General Meeting made clear that the carrier needs to take stringent measure to secure profitability, not precluding redundancies and aiming at becoming part of a new partnership.
Klaus Heinemann, Chairman of the Finnair Board of Directors said in his opening statement thats he believes that Finnair will in the coming years need closer partnerships with the largest players of the industry.
- We want to ensure that such changes are implemented so that Finnair has a strong role in them. The Board does not want Finnair to become market driftwood. We want to find a structure that protects Finland's vital interests in the Helsinki-Vantaa hub and its global non-stop connections, he said.
Nor surprisingly, the Chairman's remarks were strongly supported by Finnair's CEO, Pekka Vauramothe
-Year 2013 showed clearly that our finances cannot take even the smallest of surprises, due to the problems with our cost structure. We faced more headwind than we expected, says Pekka Vauramo.
- We have now set profitability as our number one objective. Without profitability, we have no prerequisites for growth. Only once we have solved our problems can we grow and employ. This is why it is crucial to implement our savings program, said Mr Vauramothe.
Klaus Heinemann, Chairman of the Finnair Board of Directors said in his opening statement thats he believes that Finnair will in the coming years need closer partnerships with the largest players of the industry.
- We want to ensure that such changes are implemented so that Finnair has a strong role in them. The Board does not want Finnair to become market driftwood. We want to find a structure that protects Finland's vital interests in the Helsinki-Vantaa hub and its global non-stop connections, he said.
Nor surprisingly, the Chairman's remarks were strongly supported by Finnair's CEO, Pekka Vauramothe
-Year 2013 showed clearly that our finances cannot take even the smallest of surprises, due to the problems with our cost structure. We faced more headwind than we expected, says Pekka Vauramo.
- We have now set profitability as our number one objective. Without profitability, we have no prerequisites for growth. Only once we have solved our problems can we grow and employ. This is why it is crucial to implement our savings program, said Mr Vauramothe.