Finnair extends maturity of pension premium loan

Flag carrier Finnair said on December 12 that it has agreed with other parties to extend to 2025 the maturity on a €600 million pension premium loan. The deal was needed for the airline “to maintain its cash funds in the prevailing uncertain operating environment”, adding that it had “agreed with other parties to extend the guarantees and the loan”. Finnair said the repayment schedule has been rejigged to allow it “amortise the loan by 100 million euros every six months” rather than in full on December 2022. It is to repay the remaining two €1oo million tranches on May