Development Minister Heidi Hautala has said that she shall take it as one of her priorities to reduce governmental ownership at Finnair this spring if only possible. She specified that all shares of Finnair owned by the government will not be put on sale. However, she sees it vital for the company to be able to make strategic alliances that include shift of ownership from the Finnish government to private investors as well as to other companies. YLE (in Finnish)
Now, AY is reasonably healthy, who would be interested and what would be the strategic gain from it all?
KFlyer From Sri Lanka, joined Mar 2007, 1247 posts, RR: 0
Reply 8, posted (2 years 5 months 3 weeks 1 day ago) and read 5624 times:
Well done to Finnair, for they thought differently and found a niche without becoming a me-too. Definitely one of the best European carriers. I hope that the direction will not change, with the CEO's resignation.
The opinions above are solely my own and do not express those of my employers or clients.
odo From Finland, joined Jan 2005, 35 posts, RR: 0
Reply 11, posted (2 years 5 months 3 weeks 15 hours ago) and read 5047 times:
Quoting Ideekay (Reply 10): They cutted everything, food, salaries and sold all their ground companies (Finnair technics, Catering ect.)
Could be that they got some money from the ATR's which they leased to Flybe Nordic.
This is only half the story. Their revenues and load factor were also up quite nicely. Operational income was 44.9 million euros, that's a 100 million euro improvement over last year. You don't do that just by cutting at company of this size, they clearly have better revenue stream now.
The income from the sale of these various companies, does it contribute to their overall yearly profit or not? Are they planning on outsourcing more of their cabin crew like they did with Spain or..? How did that work out for them?
airdfw From United States of America, joined Aug 2012, 231 posts, RR: 0
Reply 13, posted (2 years 5 months 3 weeks 7 hours ago) and read 4443 times:
Can AY be the EK of north? They can do nicely with East-west connection. Only thing is AY needs more North American and possibly Asian connections like DFW, LAX etc with BOM, BLR to make the east-west links. Can BA help them so that HEL is like another BA hub?
AY should make AA-BA-AY link from one side and then AY-JL-MH and may be Hainan links from other side.
Continental From United States of America, joined Jun 2000, 5551 posts, RR: 17
Reply 19, posted (2 years 5 months 2 weeks 6 days 9 hours ago) and read 3827 times:
Partially because I convinced my family to fly Finnair to LJU this past summer!
This is excellent news. I enjoyed flying them. Their entire product seemed fresh and efficient. Why no additional USA connections? It's hard to believe they only fly to JFK. Could LAX or DFW ever work? I know AA does ORD in the summer. Even though they're so far north, they seem to offer service to much of Europe so shouldn't the connections help fill the USA-Finland flights?
finnishway From Finland, joined Jul 2012, 373 posts, RR: 0
Reply 21, posted (2 years 5 months 2 weeks 6 days 8 hours ago) and read 3774 times:
Quoting Continental (Reply 19): Why no additional USA connections? It's hard to believe they only fly to JFK. Could LAX or DFW ever work?
I have wondered that for many years. Their strategy is to fly to Asia which is one reason for that and the other one is that they don't have enough planes. It will be interesting to see what they are going to do with the A330 when A350 arrives. I am not expecting Finnair to start new routes to USA, but I would like to see AA operating MIA-HEL in the winter and ORD-HEL in the summer.
According to Wikipedia Finnair has flown to BOS, DTW, FLL, ORD, LAX, SEA and SFO.
HEL-LAX could actually work well, because there is no direct flights to LAX from Nordic countries or Baltic states. The nearest options are Germany and Russia. Why don't start route from HEL to LAX and get the passengers from Baltic states, Russia and Scandinavia?
In 2011 about 70 000 passengers used AA's ORD-HEL route, according to Finavia. We have to remember that it was only a seasonal route! New York was third busiest destination outside Europe in 2011.
I would like to see Delta returning to HEL, but that probably won't happen in the near future.
LHRFlyer From United Kingdom, joined Apr 2010, 868 posts, RR: 1
Reply 22, posted (2 years 5 months 2 weeks 6 days 8 hours ago) and read 3735 times:
Finnair could be a good investment for IAG and the marketing distribution of IAG members and the Avios currency would help provide a lot of feeder traffic. It does have a natural fit into the group with BA focused on North America and Iberia focused on Latin America. Plus there are the cost synergies with IAG.
My only doubt is that BA itself is now growing in Asia and adding new destinations and may see Finnair adding unecessary duplication (geographic advantages of HEL as an Asian notwithstanding).
finnishway From Finland, joined Jul 2012, 373 posts, RR: 0
Reply 23, posted (2 years 5 months 2 weeks 6 days 8 hours ago) and read 3724 times:
Quoting LHRFlyer (Reply 22): My only doubt is that BA itself is now growing in Asia and adding new destinations and may see Finnair adding unecessary duplication (geographic advantages of HEL as an Asian notwithstanding).
That is why the partner could be JL instead of AY.
QANTASvJet From United Kingdom, joined Sep 2012, 84 posts, RR: 0
Reply 24, posted (2 years 5 months 2 weeks 6 days 7 hours ago) and read 3654 times:
An IAG purchase would be great. Have long thought that IAG needs to focus BA on North Atlantic, IB (once it gets knocked into shape) on Africa and Latin America, and absorb AY to provide the lead on Asia (helped by anti-trust protection with CX and JL). But it does require the development of a really effective and financially viable intra-European operation to feed the resultant three hubs, as well as a credit rating that would allow IAG to invest in an expanded long-haul AY fleet, not to mention the Finnish government's support for the deal. Alas given current realities, this all feels pretty unrealistic.
: Yes would be cool to see them flying more routes to US! They once had scheduled service to SEA, LAX and SFO, my first scheduled long haul flight was
: That would work if IAG operated in a vacuum and had no competitors. But since they don't that strategy would be crushed by others focusing on areas f
: Never should copy from Wikipedia [Edited 2013-02-10 12:46:54]
: How about Qatar airlines? Theyll join one world soon enough...Imagine Ay and qatar togther...
: One hub doesnt give you fewer connections: just less convenient ones. Of course BA would still (for example) fly direct LHR to HKG direct, since it's
: Why doesn't Finnair try to enter the United States-Asia market? I suppose that their brand is well known in Asia so this should make things easier, a
: Because the USA is not in Europe. LAX-NRT is almsot exactly half the distance of LAX-HEL-NRT. JFK-HEL-NRT takes 50% longer than JFK-NRT.
: Ok, fine for Tokyo but what about India, Thailand or Singapore?
: JFK-HEL-India could work, maybe... The great circle route JFK-BOM goes via HEL. AY served BOM for a while, that time the problem was the JFK/BOM time
: Great, thanks for the clarification. I do wonder what kind of passengers they carry to/from New Delhi. Flying from Europe to New Delhi via Helsinki i
: Huh. They actually kind of work. I picked NRT not because I wanted to make HEL look bad, but because it was close to HEL and one of the biggest air m
: I knew you didn't want to trash Helsinki but I just asked about these ones because I was wondering if they might work. Then again, it also depends on
: This is the biggest problem, and one that all European airlines have unless they run several daily flights on a route. Flights from North America arr
: Not much O&D, mostly connections. Actually their DEL route works ok for Northern Europe, even for MAN: MAN-HEL-DEL 3805 nm MAN-LHR-DEL 3773 nm MA
: Great, thanks. Well, for some reasons I found the ceiling freakishly low in Helsinki, especially in that one area before taking the stairs to go coll
: AY's only 2x daily long haul service is BKK in winter, but even that doesn't work with their JFK service.
: Only because Finnish people are so stupid that they want to travel to Thailand every year. I can't stand people who think Thailand is "cool". People
: As cool as America-Asia gateway sounds, it is not something one can create overnight and would need a whole new strategy which could become difficult
: Calm down. I think it is nice to see Finns traveling. Its good for AY, and for future business.