The Finnish Government has approved that the State of Finland guarantees Finnair’s pension premium loan up to €540 million. With the state guarantee, Finnair aims to further secure its cash position and business continuity also after the exceptional situation caused by the corona-crisis. Further, a commercial bank has guaranteed up to €60 million of the loan.
The arrangement is compliant with the EU state aid regulations and has been approved by the European Commission on May 18, 2020.
Finnair plans to draw part of the pension premium loan during the second quarter of 2020.Email Post to a Friend