History
The airline was established in December 2002 and started operations on 16 March 2003. Its cheap air fares were based on the fact that the e-tickets were only sold through Internet and phone. The airline claimed a successful beginning, as the passengers who formerly bought bus and train tickets now bought cheaper flights.
The president of the company was Peter Sevelius. The flight captains had been employed from Finnair. It had many celebrities as shareholders, such as the rally driver Juha Kankkunen. Its competitors included Finnair, Ryanair and Söder Airlines.
In January 2004, faced with the threat of the termination of its plane lease and operating license for unpaid debts, the financially ailing airline cancelled its flights to London and went into debt restructuring. On January 27, 2004, Flying Finn ceased all flights and prepared for bankruptcy. Over 20,000 passengers were left without tickets.
In August 2007, there was speculation by Keskusrikospoliisi (the National Bureau of Investigation) that there are financial irregularities due to the airline accounts, leading to seven former employees being accused of breaking bankruptcy laws.
Read more about this topic: Flying Finn (airline)
Famous quotes containing the word history:
“Free from public debt, at peace with all the world, and with no complicated interests to consult in our intercourse with foreign powers, the present may be hailed as the epoch in our history the most favorable for the settlement of those principles in our domestic policy which shall be best calculated to give stability to our Republic and secure the blessings of freedom to our citizens.”
—Andrew Jackson (1767–1845)
“... in a history of spiritual rupture, a social compact built on fantasy and collective secrets, poetry becomes more necessary than ever: it keeps the underground aquifers flowing; it is the liquid voice that can wear through stone.”
—Adrienne Rich (b. 1929)
“The steps toward the emancipation of women are first intellectual, then industrial, lastly legal and political. Great strides in the first two of these stages already have been made of millions of women who do not yet perceive that it is surely carrying them towards the last.”
—Ellen Battelle Dietrick, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 13, by Susan B. Anthony and Ida Husted Harper (1902)