13-Aug-2012 4:01 PM

Finnair may become part of larger alliance or entity: CEO

Finnair CEO Mika Vehvilainen said the carrier could become a part of a larger alliance or entity, as per a Helsingin Sanomat report. "We have been going through a survival struggle. The idea that we would be independent is not necessarily the only option. Within alliances there may be a different kind of restructuring to strengthen the cooperation," he said. The loss-making carrier is currently majority owned by the Finland Government, with a 55.8% stake, but the government could reduce its stake, according to Minister responsible for state ownership Heidi Hautala. 

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More