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.
[image courtesy oneworld]


Check Also

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.

wi-fi, IFE, mobile, onboard, inflight, entertainment, air travel, airlines, IATA

Finnair long-haul Wi-Fi by May 2017

Wireless connection for all of Finnair’s long-haul fleet

air berlin, restructuring, cost cuts, cabin crew, pilots, union, deal, agreement, Verdi

airberlin deploys business class on Europe flights

Move is part of loss-making airline’s “strategic realignment”

Cyprus Airways, A319, Russia, licence, agreement, years, S7, oneworld, Charlie Airlines

Cyprus Airways brand to be resurrected

€2 million paid to use logo of defunct carrier for 10 years

etihad, management, investment, fail, Hogan, alitalia, air berlin, Darwin, Virgin, synergy, strategy

Insight into the Lufthansa-Etihad tie-up

Rival airline groups go from enemies to partners

shortage, Finnair, pilots, cancel, flights, lack, Miami, summer, Chicago, helsinki, crew, plane,

Finnair’s crew shortage hits schedules

Airline to suspend Miami route for summer 2017