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Assets of the Civil Aviation Administration to be trasferred to Finavia Holding Oy

23-Dec-2009 8:22 AM

Finland’s Ministry of Transport and Communications plans (22-Dec-2009) to transfer the assets and business operations of the Civil Aviation Administration Finavia to a state-owned Finavia Holding Oy, which will commence operations on 01-Jan-2010. The value of the transfer amounts to approximately EUR348 million, as a contribution in kind. Finavia Holding Oy, which was established in the beginning of Dec-2009, will become Finavia Oyj from 01-Jan-2010, and will be in charge of maintaining and developing the state network of airports and Finland’s air navigation system to meet the needs of civil and military aviation, and to provide air navigation services in Finland. [more]