Finnair hands more routes to Flybe to cut costs
By Airlineberg Reporter - Tue May 22, 9:48 am
Loss-making Finnish flag carrier Finnair plans to hand over the operation of a third of its European routes to low-cost British airline Flybe to cut costs and help restore profitability.
The companies, which launched their Flybe Nordic joint venture last year, said on Tuesday Finnair would transfer 12 Embraer aircraft, along with around 200 cabin crew, to Flybe. Flybe will take over the operations in October, although it is not yet decided which routes will be affected.
Finnair has been looking for ways to overhaul its business in Europe, where it faces fierce competition from discount airlines. The company wants to focus instead on profitable routes to Asian destinations such as Japan, China, and Singapore.
Read More : http://www.reuters.com/article/2012/05/22/finnair-idUSL5E8GM0MV20120522