Finncomm Group has sold a fleet of 12 ATR 72 aircraft to Finnair
Finncomm Group, a privately held Finnish aviation group, has sold a fleet of 9 ATR 72 aircraft and three firm delivery contracts for additional ATR 72 aircraft to Finnair, Finland's flagship carrier, for US$190 million.
Finnair, Finland's flagship carrier since 1923, is one of the world's longest continuously operating airlines. Its strategic focus is on flights between Asia and Europe.
Finncomm is also active in aircraft maintenance, ground handling, and pilot and crew training. Post-transaction, Finncomm Group will focus on ground handling and aircraft leasing through its remaining fleet of 4 ATR 42 aircraft.
Oaklins' team in the Baltic region acted as advisor to Finncomm Group in this transaction.
Talk to the deal team
Related deals
OSL has been acquired by Terma
OSL Group Limited, a leader in counter-drone security and safety systems, has been acquired by Terma AS, a Denmark-based global provider of mission-critical solutions for defense, aerospace and security.
Learn moreElectro Optic Systems has acquired the UK interceptor business of MARSS
Electro Optic Systems Holdings Limited (ASX: EOS) has acquired the UK-based interceptor unmanned aerial system business of MARSS Group for US$6.4 million (€5.5 million). The interceptor is a reusable electric drone effector guided by imaging sensors and AI, which EOS will integrate into its counter-drone portfolio for defense and critical infrastructure customers. EOS plans further investment to complete development.
Learn moreIndestructible Paint has been acquired by Seaforth Holdings
The specialist coatings business Indestructible Paint Limited has been acquired by Seaforth Holdings Limited. Its existing management team will remain with the business following the transaction.
Learn more