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.