Monday, 9 November 2020

A350 deliveries put back by Finnair

Finnair defers three A350 deliveries

Finnair confirmed last week that it has concluded negotiations with European planemaker Airbus over delaying the delivery of three A350-900 aircraft.

The airline is struggling to cut its costs following the downturn in business caused by the coronavirus pandemic and has postponed delivery of the A350s.  The aircraft were originally scheduled for delivery from Q2 2021 to Q2 2022, and on average, the new delivery dates for the aircraft will be 24 months later than originally scheduled.

According to the carrier, this deferral will save the carrier €200 million in 2011.  “Finnair has been in intensive negotiations with all of its suppliers during the COVID-19 pandemic, seeking to reduce expenditures in order to support our ramp-up plans when traffic recovers. This agreement will give us more flexibility to deploy the existing fleet more efficiently and improve cash flow”, says Christine Rovelli, Senior Vice President, Finance and Fleet Management at Finnair.

Finnair has ordered a total of 19 new A350-900 XWB aircraft from Airbus, of which 16 have now been delivered.

The fleet operated and/or owned by Finnair is shown at the company website at https://www.finnair.com/gb/gb/flights/fleet and updated on a quarterly basis in the company’s financial reports.



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