Finnair has repaid in full a €400 million ($437 million) capital loan from the Finnish state that was granted in March 2021.
Originally a hybrid loan issued to support the carrier through the pandemic, it was converted to a capital loan deemed an equity instrument in April 2022. Finnair drew down the entire amount through the course of that year. In a recent €570 million rights offering by the airline, Finland subscribed for pro-rata shares on the basis of its subscription rights. The state then paid the subscription price by offsetting it against the principal on the capital loan. Finnair has now repaid the remainder of the capital loan, €81.4 million, plus related interest and fees of €48.9 million. If the capital loan had not been repaid, it would have accrued around €52 million in interest and other fees in 2024. The Oneworld airline now has no loans that are deemed equity capital.

Icelandair Group has withdrawn its operating profit guidance it provided in September due to seismic activity in the southwest of the country slowing tourist bookings. The company states that while the seismic activity has not affected its operations from Keflavik International airport, it "booking flow for inbound tourists to Iceland has slowed significantly for the near term". "With this situation ongoing, the guidance provided to the market on 13 September no longer applies and because of the uncertainty it is not possible to provide an accurate guidance for the full year," the carrier adds. Icelandair Group previously expected to post a $50-60 million EBIT profit for the full year on revenues of $1.5 billion. Despite withdrawing the EBIT guidance, the company says it still expects to report a net profit for the year. "As a leading airline in Iceland for decades, we are used to dealing with the natural elements and are well prepared for various different scenarios. We are in close contact with the authorities and scientists that are closely monitoring the situation and in the event of any changes to our schedule, we will communicate via our normal channels, " says president and chief executive Bogi Nils Bogason.

Boeing has disclosed its securing of approval from the US Federal Aviation Administration to begin certification flight-testing of the 737 Max 10. The airframer targets certification of the largest Max variant in 2024. The first flight of the 737-10 was conducted on 18 June 2021. A competitor to the Airbus A321neo, the variant is designed to carry up to 230 passengers over a 3,100nm range. Fleets data shows Boeing has received 903 orders for the 737-10. Customers have taken another 137 options on the variant. Overall, Boeing's Max-family backlog stands at 4,547 orders and 761 options. The airframer has so far delivered 1,147 Max 8s and 211 Max 9s.