Aviation Services
This division comprises aircraft maintenance services, ground handling and the Group's catering operations.
The turnover of the Aviation Services division fell by 9.2 per cent to 387.5 million euros. The decline in the division's turnover was a result of customers' lower level of activity and a fall in the price level of services as well as concept changes implemented both in catering operations and in ground handling. The cost-cutting programme and implemented adjustment measures led to an improvement in operating profit, excluding capital gains, to 6.8 million euros (3.8 million euros).
The operations of the Swedish subsidiary Finnhandling AB, founded earlier in the summer by the Group's business unit Finnair Ground Handling, have made a good start. In cooperation with partners, the company provides ground handling services flexibly and cost-effectively at Stockholm's Arlanda Airport.
Finnair Catering Oy and the leading Finnish alcoholic beverage company Altia Oyj founded a joint-venture company, SkyCellar Oy, to which Finnair Catering transferred its wine wholesaling business in May. Finnair Catering Oy owns 19.9 per cent of the company. Through the arrangement, Finnair improved the cost-effectiveness of its wine delivery logistics, while maintaining high quality and reliability. |