Finnair Orders 5 Airbus Jets For $480M

HELSINKI (AP) -- Finnair says it will order five new Airbus A321ER aircraft valued at more than euro400 million ($480 million).

The Finnish airline says the planes are extended versions of the popular A321 and will have a range of over 5,000 kilometers. First delivery is scheduled in 2013.

Finnair said Thursday the aircraft will be used mainly on European routes. They will replace four Boeing 757 jets used on leisure flights.

The carrier has a fleet of 60 aircraft which it has gradually renewed since 1999.

Finnair PLC, which is 56 percent government-owned, flies to some 50 destinations. Last year, 7.4 million passengers flew the airline, down from 8.3 million in 2008.

More in Supply Chain