Finnair Announces Fleet Renewal Strategy with Embraer and Airbus Jets

This article is based on official press releases from Finnair.

Finnair Unveils Major Fleet Overhaul to Drive 2026–2029 Strategy

Finnair has officially launched one of the most significant capital investments in its recent history, announcing a comprehensive modernization and expansion of its narrowbody and regional fleet. According to official company press releases issued in late March 2026, the Finnish flag carrier is adopting a multi-pronged approach to secure capacity, reduce emissions, and feed its Helsinki long-haul hub.

The strategy, rolled out across two major announcements on March 23 and March 30, 2026, includes a substantial order for next-generation Embraer E195-E2 jets, the acquisition of used Airbus A320 and A321ceo aircraft, and immediate short-term leases for regional turboprops and jets. This fleet renewal serves as the cornerstone of Finnair’s 2026–2029 strategic period under the leadership of CEO Turkka Kuusisto, who took the helm in January 2024.

Having successfully navigated the dual crises of the COVID-19 pandemic and the closure of Russian airspace, which severely disrupted its traditional Asian routing, Finnair is now pivoting toward profitable growth. The airline stated that these fleet decisions are essential to achieving its target comparable EBIT margin of 6 to 8 percent by 2029.

The Embraer E195-E2 Order and Regional Expansion

At the heart of Finnair’s regional strategy is a major commitment to Embraer’s next-generation E2 family. On March 23, 2026, the airline announced an agreement encompassing up to 46 Embraer E195-E2 aircraft. The deal includes 18 firm orders, 16 options, and 12 purchase rights.

According to the company’s specifications, the new jets will feature a 134-seat configuration and will be powered by Pratt & Whitney PW1900G GTF engines. Finnair confirmed it has also signed a separate maintenance and spare engine agreement with RTX’s Pratt & Whitney. Deliveries are scheduled to commence in the third quarter of 2027, with three aircraft arriving that year, followed by six in 2028, and six in 2029. The aircraft will be operated by Finnair’s regional partner, Nordic Regional Airlines (Norra).

“The Embraer E195-E2 is a great match for our needs, enabling a stronger regional network that both strengthens connectivity to and from Finland, and efficiently feeds our long-haul network,” said Finnair CEO Turkka Kuusisto in the official release.

Immediate Capacity Boost for Summer 2026

While the E195-E2 deliveries are slated for 2027, Finnair is also moving to secure immediate regional capacity. In a subsequent announcement on March 30, 2026, the airline revealed it had signed Letters of Intent (LOIs) to lease two Embraer E190-E1 and two ATR 72-600 aircraft.

These leased aircraft are expected to join the Norra fleet by the summer and early autumn of 2026, increasing Norra’s total jet fleet to 18. Finnair noted that this immediate capacity injection will support its robust summer 2026 schedule, which features over 90 European destinations and 12 new routes.

“An extensive regional network plays an important role as we seek to grow our network from our key markets. These aircraft will further strengthen our schedule reliability and add to the flexibility of our fleet deployment,” stated Christine Rovelli, Chief Revenue Officer at Finnair.

Bridging the Gap with Used Airbus Jets

In tandem with its regional expansion, Finnair is addressing its aging narrowbody mainline fleet. The airline announced plans to acquire up to 12 used Airbus A320 and A321ceo aircraft from the secondary market. This move is designed to replace retiring, older A319s and A320s.

Finnair described this acquisition as a capital-efficient “bridge solution.” By tapping into the secondary market, the airline ensures capacity continuity and operational flexibility while older jets are phased out, avoiding the lengthy delivery backlogs currently affecting new Airbus A320neo family aircraft.

“This mix of new and used aircraft supports our growth and profitability targets in an optimal way, as we continue to implement our strategy,” Kuusisto explained. “A mix of larger and smaller narrow-bodies allows us to tap into the growth opportunities in our markets in a flexible and efficient manner.”

Financial and Sustainability Targets

The comprehensive fleet renewal fits within Finnair’s stated €2 to €2.5 billion capital investment budget for the 2026–2029 period. The airline is targeting a passenger demand compound annual growth rate (CAGR) of 4 percent over this timeframe.

Sustainability remains a key driver of the investment. Finnair reported that the new Embraer E195-E2 aircraft offer up to a 35 percent improvement in fuel efficiency compared to the previous-generation E190s currently in operation. Kuusisto emphasized that the introduction of the E195-E2 will directly reduce the airline’s CO₂ footprint, advancing its science-based climate targets.

AirPro News analysis

Finnair’s late-March announcements highlight a highly pragmatic approach to fleet planning in an era of constrained aerospace supply chains. By opting to acquire used Airbus A320/A321ceos, Finnair is effectively bypassing the severe delivery delays and supply chain bottlenecks currently plaguing major manufacturers like Boeing and Airbus. This “bridge solution” allows the airline to maintain schedule reliability and protect its balance sheet without over-leveraging for new mainline narrowbodies.

Furthermore, the heavy reliance on Nordic Regional Airlines (Norra) to operate the expanded Embraer fleet underscores a broader European aviation trend. Legacy carriers are increasingly utilizing regional production platforms to maintain cost-effective, high-frequency feeder networks into their primary hubs. For Finnair, doubling seat capacity on key regional routes via the E195-E2 order is a clear signal that feeding the Helsinki hub remains the lifeblood of its post-Russia airspace strategy.

Frequently Asked Questions

When will Finnair receive its new Embraer E195-E2 aircraft?
According to the company, deliveries will begin in the third quarter of 2027. Finnair expects to receive three aircraft in 2027, six in 2028, and six in 2029, with the remaining firm orders arriving subsequently.

Why is Finnair buying used Airbus aircraft instead of new ones?
Finnair is acquiring up to 12 used A320 and A321ceo aircraft as a capital-efficient “bridge solution” to replace retiring A319s and A320s. This strategy provides immediate capacity and flexibility without waiting for backlogged new aircraft deliveries.

Who will operate the new regional aircraft?
Both the newly ordered Embraer E195-E2 jets and the immediately leased E190-E1 and ATR 72-600 aircraft will be operated by Finnair’s regional partner, Nordic Regional Airlines (Norra).

Sources

• Finnair Official Press Release