The airline Air Finland ceased operations yesterday and will file for bankruptcy. All Air Finland flights are cancelled as of yesterday, 26 June – leaving 1,000 customers abroad in Air Finland’s holiday destinations. Return flights will be organised in cooperation with the Consumer Agency. High fuel prices, harsh competition and overcapacity in the market proved too strenuous for the company, CEO Mika Helenius stated. “We failed to secure additional funding and have to cease our operations. We deeply apologise for the inconvenience this causes.” Air Finland’s destinations included popular holiday destinations including Alicante, Malaga, Antalya, Madeira, Crete, Rhodos, Dubai, Las Palmas and Tenerife. Air Finland is owned by the investor Berling Capital Ltd alongside a number of Finnish private individuals.

Lehtikuva - Pekka Sakki