Latest updates

Fate of domestic routes post-COVID-19 hangs in balance
Waselius & Wist
  • Finland
  • 05 August 2020

To reduce losses following the COVID-19 crisis, primary Finnish airline company Finnair has suspended many of its loss-making domestic flights to eastern and western Finland. One possible way to save the suspended domestic flight routes would be for the government to provide direct state aid to airlines that wish to operate them. However, such state aid would require EU Commission notification and approval.

Recent developments in Finnish aviation industry
Waselius & Wist
  • Finland
  • 10 June 2020

The Finnish state (which is Finnair's majority shareholder) has provided a guarantee of up to €600 million to assist Finnair in strengthening its financial position and mitigate the impact of the COVID-19 pandemic. This did not go unnoticed by Finnair's competitors – Ryanair challenged the guarantee given by the Finnish state, alleging that the guarantee constitutes unlawful and discriminatory state aid in accordance with EU state aid rules.

Impact of COVID-19 on Finnish air travel
Waselius & Wist
  • Finland
  • 25 March 2020

Finnair recently announced that it is cutting 90% of its normal flight capacity due to the COVID-19 outbreak and consequently cancelling the majority of its flights temporarily as of 1 April 2020 until the situation regarding the coronavirus pandemic improves. The cancellation will affect between 1,500 and 2,000 flights from 16 March 2010 until 31 March 2020, with only critical air connections for Finland maintained.

Ville-Veikko Vänttinen
Waselius & Wist
  • Helsinki
  • Finland
Maria Lehtimäki
Waselius & Wist
  • Helsinki
  • Finland
Waselius & Wist
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