Finnair plans share issue to boost finances

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Finnish airline Finnair said today it plans a rights issue of up to €600m to strengthen its financial position.

"The rights issue is aimed at reducing Finnair's financing costs, support strategy execution to drive sustainable profitable growth, and ensure ability for future investments," the carrier said in a statement.

"Through the rights issue Finnair also seeks to reinstate the company's ability for shareholder distributions."

 

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