Wednesday, 16 Dec 2020 05:22 PM MYT
A Finnair airplane is docked at the Chopin International Airport in Warsaw February 6, 2012. — Reuters pic
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LONDON, Dec 16 — Finland is preparing to support national carrier Finnair with an unsecured hybrid loan of up to €400 million (RM1.97 billion), the company said today.
The Finnish government said the Covid-19 pandemic’s second wave had led to a slower than expected recovery in air traffic, resulting in heavy losses for Finnair as it operates at around 10 per cent of normal capacity.
“The state is committed to acting as a responsible anchor owner for Finnair,” Tytti Tuppurainen, the minister in charge of state ownership policies, said in a statement.