Six of eight Finnair board members sacked

Scandal erupting over bonuses paid to officials amid job cuts

The Finnish government says that six out of the eight board members at Finnair will be replaced because of what it calls a lack of openness in executives’ benefits. A scandal has erupted over bonuses being paid to the airline’s senior officials at a time when severe job cuts were being made during and in the wake of the global financial crisis. Police have also started an investigation into real estate deals involving the CEO Mika Vehvilainen.
“I think the credibility of the company has been damaged,” Heidi Hautala, Finland’s minister responsible for state-owned companies, said. “So now the only chance for me is to take very drastic measures and renew most of Finnair’s board.” Finnair, which is 55.8% state-owned, has accepted the move.
Reuters
[image courtesy oneworld]

x

Check Also

Finnair, China, Asia, TTG China, award, travel, Europe

Finnair H1 result is under pressure by high fuel prices and more competition on routes to Asia.

Finnair reported Tuesday 17th July its H1 (January-June) results. The operating result came in 41.9 percent below last year, disturbing the financial markets and Finnair shares fell sharply in early trading at Helsinki stock exchange.

AirPortr, London, Heathrow, airport, oneworld, Finnair, baggage, bags, luggage, suitcases, pick up, check in, business travel

Finnair launches London luggage collection scheme

Passengers departing from London Heathrow can get their baggage picked up, transported and checked in.

alItalia, Italy, airports, Milan, Rome, strike, ATC, air traffic control, May, A4E, BA, american, Delta, easyjet

Italy strike to hit air travel

Some airlines are allowing rebooking, as Italian air traffic controllers announce a strike for tomorrow.

Finnair, tickets, hand luggage, only, Light, fare, transatlantic, routes, long-haul, low-cost, seating, USA, Helsinki, New York

Finnair launches long-haul hand-baggage fare

Its Light class fare, which includes hand baggage only, is now available on the Helsinki-New York route.

Doha, Qatar Airways, travel, flights, Latin, America, South America, Central America, oneworld, Iberia, Madrid, connect, ticket, Middle East

Qatar Airways deepens oneworld relationship

The national carrier of Qatar reaches further into Central and South America.

British Airways, BA, Iberia, American Airlines, Finnair, oneworld, transatlantic, routes, flights, basic economy, seating, rules

Transatlantic oneworld flights add basic economy

British Airways, American Airlines, Iberia and Finnair will launch a new ‘basic’ fare on some transatlantic flights.