newstodate.aero
May 17, 2016 (newstodate): The Board of Finnair is determined to seek further growth after a strategy review that defined a series of goals for the company.
Finnair will thus seek to grow slightly faster than its previous targets and gain market share.
-Growth will support Finnair's profitability, as unit costs will decrease with the delivery of larger and more efficient aircraft as well as declining average staff costs due to new recruitment. Because of its geographical advantage, Finnair is able to expand its Asian traffic in particular more efficiently than its competitors, a release from the company says.
-According to the strategy update, growth can be accelerated if market circumstances remain favorable. Finnair would expect to deploy its additional aircraft capacity on new routes or new frequencies in its current long-haul traffic areas, Asia and North America.
The core of Finnairs growth strategy consists of the renewal of the wide-body fleet, for which Finnair is in the process of acquiring 19 Airbus A350-900 aircraft in 20152023.
The new aircraft will entirely replace Finnair's A340 fleet, which numbered seven aircraft last year, and supplement the current A330 fleet.
Finnair will thus seek to grow slightly faster than its previous targets and gain market share.
-Growth will support Finnair's profitability, as unit costs will decrease with the delivery of larger and more efficient aircraft as well as declining average staff costs due to new recruitment. Because of its geographical advantage, Finnair is able to expand its Asian traffic in particular more efficiently than its competitors, a release from the company says.
-According to the strategy update, growth can be accelerated if market circumstances remain favorable. Finnair would expect to deploy its additional aircraft capacity on new routes or new frequencies in its current long-haul traffic areas, Asia and North America.
The core of Finnairs growth strategy consists of the renewal of the wide-body fleet, for which Finnair is in the process of acquiring 19 Airbus A350-900 aircraft in 20152023.
The new aircraft will entirely replace Finnair's A340 fleet, which numbered seven aircraft last year, and supplement the current A330 fleet.