newstodate.aero
Mar 17, 2017 (newstodate): Finnair is taking a deep look into the crystal ball - and seeing airline consolidation approaching also Northern Europe.
The issue was raised at the recent Finnair AGM 2017 by Klaus Heinemann, Finnair Group Chairman of the Board.
-When the consolidation eventually stretches to Northern Europe, we lack any means to participate in it in a meaningful way for the benefit of Finland and its industries. There is a real danger that Finnair will be further marginalized by the increasingly strong competition. This would not be in the interest of Finnair, its shareholders and most importantly Finland.
I firmly believe that the Finnish government should consider creating an option for a change in Finnair's ownership structure to mitigate risks of Finnair's marginalization. It is equally important to allow Finnair to continue to contribute to Finlands growth maybe even generate accelerated national growth, Mr Heinemann said.
Listed on Helsinki Stock Exchange, Finnair's major shareholder is the government of Finland with 55.8 percent of the shares, but the Finnish state has long considered reducing its stake in the company below 50 percent.
The issue was raised at the recent Finnair AGM 2017 by Klaus Heinemann, Finnair Group Chairman of the Board.
-When the consolidation eventually stretches to Northern Europe, we lack any means to participate in it in a meaningful way for the benefit of Finland and its industries. There is a real danger that Finnair will be further marginalized by the increasingly strong competition. This would not be in the interest of Finnair, its shareholders and most importantly Finland.
I firmly believe that the Finnish government should consider creating an option for a change in Finnair's ownership structure to mitigate risks of Finnair's marginalization. It is equally important to allow Finnair to continue to contribute to Finlands growth maybe even generate accelerated national growth, Mr Heinemann said.
Listed on Helsinki Stock Exchange, Finnair's major shareholder is the government of Finland with 55.8 percent of the shares, but the Finnish state has long considered reducing its stake in the company below 50 percent.