Finnair Says Airbus Agrees to Delay Delivery of Three A350-900 Aircraft
November 06 2020 - 8:14AM
Dow Jones News
By Dominic Chopping
Finnair Oyj said Friday that it has concluded an agreement with
Airbus SE that will see the airline's deliveries of its remaining
three committed A350-900 aircraft postponed.
The aircraft were originally scheduled for delivery from the
second quarter of 2021 to the second quarter of 2022, and on
average, the new delivery dates for the aircraft will be 24 months
later than originally scheduled, it said.
"This agreement will give us more flexibility to deploy the
existing fleet more efficiently and improve cash flow," said
Christine Rovelli, senior vice president, finance and fleet
management at Finnair.
As a result of the deferrals, Finnair said its cash flow from
investing activities will be approximately 200 million euros
($236.6 million) less in 2021.
Finnair has ordered a total of 19 new A350-900 XWB aircraft from
Airbus.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
November 06, 2020 07:59 ET (12:59 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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