Finnair is the largest Finnish airline with its head office in Vantaa, Finnland. Its hub is the Helsinki-Vantaa Airport. The airline is a member of the global Oneworld alliance. Having been founded in 1923, the airline is the fifth established airline in the world with uninterrupted existence, still in operation today.
On November 1, 1923, Aero O/Y founded the airline, which soon underwent some of its most difficult times, including the Second World War, which was particularly difficult for the airline, because Helsinki and other Finnish cities were the objective of air strikes. The company lost half of its fleet, and during this time it was taken over by the Finnish Air Force. It is estimated that during the war, from 1939/1940 onwards, half of the passengers were children who were being evacuated to Sweden. In 1953 the airline Aero O/Y changed its name to the current Finnair. The Finnish State holds 60 % of the shares, 20% are foreign-owned.
In 1957 the airline purchased from Sud Aviation Caravelle, the first jets of the airline. They were delivered in 1960 as Caravelle 1A, and Caravelle VI which had the more advanced Rolls-Royce Avon 527 engines. The three older Caravelle III were upgraded. From 1964, the modernized Caravelle-Fleet.
1970 Was the first time it purchase a McDonnell Douglas DC-8, and with the US-jet aircraft in service it provided long-haul service across the Atlantic to New York City. In 1971 six used Douglas Douglas DC-9s and DC-10s were purchased from Canada, which were mainly used within Finland and on shorter European routes. In 1975 they entered the age of wide-bodied aircraft, with the service entry of the first McDonnell Douglas DC-10-30. From the end of the 1990s up to mid-2003, the airline replaced of the MD DC aircraft with the MD-80, until mid- 2006 when it began taking delivery of aircraft from the Airbus A320 family. For long-haul operations the DC-10-fleet has been gradually replaced from the early 1990s with new McDonnell Douglas MD-11 aircraft.
In 1999, the airline joined the Oneworld alliance. In 2002 the airline founded a subsidiary in Estonia, Aero Airlines. For the year 2006, the airline reported a net loss of EUR 13 million. This was explained by the fact that in this year the company had restructured and this had a cost of 80 million euros. In the year 2007, the airline showed a gross profit of 140 million euros. In the context of the economic crisis 2008 the airline slipped back into the red numbers. The annual loss was 52.1 million Euros.
In 2012 Finnair for first time again after five years of losses, declared a small profit. In September 2013 the airline was the world’s first airline equipped with an Airbus A321-200.