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The Finnish Civil Aviation Administration, Finavia, to become a state-owned company from the beginning of 2010

The Finnish Civil Aviation Administration, Finavia, to become a state-owned company from the beginning of 2010

News article 28.04.2009 15.09 fi sv en

The Cabinet Committee on Economic Policy supported in its meeting of 28 April 2009 the Ministry of Transport and Communications' proposal of incorporating the Finnish Civil Aviation Administration, Finavia, as of 1 January 2010. The business activities currently managed by the Civil Aviation Administration will be transferred to a new company limited by shares that will be wholly owned by the state. The new company will be responsible for the basic infrastructure of Finland's airports and the provision of air navigation services.

The next stage in the incorporation process is for the Ministry of Transport and Communications to draw up a government proposal for an act about the incorporation. The legislative proposal concerns the Government budget for 2010 that will be submitted in September 2009.

Personnel employed by Finavia on 31 December 2009 will continue as employees of the new company under the old terms. The balance sheet of the new company will be based on Finavia's assets and liabilities of 31 December 2009. The new company will continue Finavia's investment programme as planned.

Provisions concerning the basic duties of the company will be laid down in aviation laws. A special act will be enacted on the national network of airports, taking into account the new requirements of the EU Directive on airport charges. A special act will also be enacted on pricing and special services in military aviation. Necessary legislative amendments are proposed to enter into force simultaneously with the incorporation process.