A new all-freight airline venture

Due to increased cargo demand, Finnair Cargo decided to participate, as a minor shareholder, in Nordic Global Airlines Ltd (NGA), a new all-cargo airline based in Helsinki, Finland.

The decision was in line with previously announced Finnair plans and reflects the company´s strategy of investing in growth areas of the airline industry.

"This shareholding provides us with additional, cost-efficient cargo capacity, thus enabling continued growth in the steadily increasing Asian freight markets," says Antero J. Lahtinen, Finnair´s Senior Vice President Cargo. "This move reflects our long-term strategy of seeking profitable growth by partnering other industry players in areas where we identify interesting business opportunities".

The other owners of NGA are the US-based Neff Capital Management LLC and the Ilmarinen Mutual Pension Insurance Company.

The new airline commenced intercontinental freighter operations from Helsinki in August, 2011.

Published August 26, 2011

Category: Finnair Cargo

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