FINNAIR TAKES MINORITY STAKE IN NGA

Finnair has bought a minority shareholder in Helsinki-based cargo airline Nordic Global Airlines (NGA). Finnair is hoping the deal will give it additional, cost-efficient cargo capacity for use especially in Asian freight markets. The new airline aims to commence intercontinental freighter operations from Helsinki later this year. US-based Neff Capital Management and the Ilmarinen Mutual Pension Insurance Company are the other owners of GLA.