The situation of Finavia’s airports
Added on Fri November 20th, 2020
The situation at Finavia’s airports in Finland is very bad. The number of passengers was 91 per cent lower than in October last year. The number of flights declined by 77 per cent and freight volume by 51 per cent. For this reason, the government plans to invest 350 million euros into recapitalising Finnish airport operator Finavia to counter the effects of the coronavirus pandemic on the company.
With this cash injection, Finland hopes to secure the future of the state-owned company. However, the company mapped austerity measures as soon as the crisis began.
According to Finavia, the austerity programme, which came into effect in March, aims to save a total of 200 million euros. It includes large cost cuts from operational activities as well as long-term layoffs for all employees.
Read the entire article on Guidaviaggi.it
Read also Milan Malpensa airport lost 75 of air traffic
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