A Finnair press release stated, "Finnair notes
that there has been speculation in the media
today regarding a potential bid for Finnair by
British Airways or IAG. Finnair is not active,
and is not aware of its shareholders being
active, in any such negotiations".
Finnair is publicly and privately owned, the
company's major shareholder is the government of Finland, with 55.8% of the shares. Finland's Prime
Minister, Juha Sipila said, he had not prepared
to restructure Finnair's ownership although the
government would discuss the issue in the coming
The Prime Minister further stated, "The company
itself surely holds different discussions and
negotiations. At this point, (state majority
ownership) is the effective policy and nothing
else has been decided."
IGA currently owns
Aer Lingus, British Airways, Iberia and
Vueling Airlines. The company has led the fight
to consolidate Europe's airline industry but it claims that there are no
acquisition proposals on the horizon. Although
the company did say it wanted to develop a
closer relationship with LATAM Airlines.