Flybe, Europe's largest regional airline, has now formally signed a contract with Finnair to fly 12 Embraer E190 regional jets on its behalf.
The deal was first announced on May 22nd 2012 and will finally come into force on October 28th, with the Flybe Nordic joint venture between Flybe and Finnair operating a number of popular short haul routes under Finnair livery but with Flybe Finland staff.
"With this deal, 25% of the fleet under Flybe Group's management will be deployed under contract flying arrangements. We believe there are many more similar opportunities to develop this side of the business," said Jim French, Chairman and Chief Executive Officer of Flybe Group.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The group added that trading in the third quarter has been in line with lowered management expectations as outlined on August 10th.
JH
-
Lloyds axes foreign currency fees for Club Lloyds customersClub Lloyds customers will be able to withdraw their money abroad without incurring any extra fees
-
How to invest during stagflationTrump’s tariffs look poised to push the global economy into a period of stagflation. We look at how to ensure your investments can survive a global slowdown.
