Finnair sells part of its properties

The selling price is 77 million euros. The arrangement is part of a financing programme announced by Finnair earlier.

The properties comprise Aircraft Hangar 7, the Ground Handling Fleet Centre, the Ground Equipment Maintenance Unit and the Training Centre. The properties will be leased by Finnair Facilities Management Oy and the users of the facilities are various business units of Finnair. The leased area totals around
60,000 square metres.

Newsec Advice Oy has acted as Finnair's commercial adviser in the sale-and-leaseback arrangement.

(c) Centre for Asia Pacific Aviation. Date posted: 21-Aug-09

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