Finnair sell ground equipment to ABB

On August 21, 2002 Finnair Oyj and ABB Oy signed an agreement on the sale of
Finnair's ground equipment and related operations to ABB Oy.

As a part of the renewal of its Group structure, Finnair is selling its motorised ground equipment as well as related maintenance operations to ABB Oy. Cooperation begins September 2, 2002. The goal of the reorganisation is to make equipment acquisition and use more cost effective as well as rationalise its maintenance and repair operations throughout Finland. The proceeds of the sale will have a positive effect on the 2002 financial result.

The agreement covers ground equipment at domestic airports i.e. 830 motorised vehicles. Forty maintenance staff will transfer to ABB's maintenance unit with their current terms of employment. ABB has maintenance operations in over 50 locations in Finland.