15-Oct-2012 11:05 AM

Finnair and Flybe Nordic sign MoU on short haul cooperation

Finnair and Flybe Nordic signed (12-Oct-2012) a MoU on short-haul cooperation which will see Flybe operate selected European routes on Finnair’s behalf from 28-Oct-2012. Under the agreement Flybe Nordic will operate 12 of Finnair’s Embraer E190 aircraft with the Finnair livery however under Flybe Finland's Aircraft Operator's Certificate (AOC). Flybe Nordic currently operates a number of Finnair’s domestic Finland routes and this agreement will see the airline's fleet increase to 28. Finnair CEO Mika Vehviläinen said, "With this deal, 25% of the fleet under Flybe Group's management will be deployed under contract flying arrangements. We believe there are many more similar opportunities to develop this side of the business." Flybe CEO Jim French said, "Today's announcement marks another major step in the successful development of the Flybe Nordic business. This extension of our existing contract flying operations for Finnair is a key part of Flybe Nordic's strategy, adding substantial scale while balancing Flybe Group's overall risk." International law firm Eversheds advised Flybe on the agreement. [more - original PR - Finnair/Flybe] [more - original PR - Eversheds]

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