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 The Finnish carrier said Monday that during Vehvilainen's three-year tenure he had been a leader of change who helped make the struggling airline "viable in the face of the aviation industry's transformation."
Finnair, which has been battling falling demand and fierce competition, made a record third-quarter net profit of
euro51 million after years of losses. In October, it announced a plan to save
euro140 million ($180 million) by 2014.
Vehvilainen's predecessor resigned in 2010 in what he called "crisis conditions" as pilots and personnel staged strikes amid cutbacks and layoffs.
Last year, Finnair PLC and FlyBe formed a joint venture after buying Finnish Commuter Airlines.
[Associated
Press]
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