Rebalancing Act
Business Traveler US|September 2023
How Finnair CEO Topi Manner led the airline through two external crises to bring it back on track
Andreas Spaeth
Rebalancing Act

FINNAIR’S CEO, TOP! Manner, has had one of the most challenging jobs in the industry, as the Nordic carrier had to radically reinvent itself after the Russian airspace closure. Now back on track, Finnair is celebrating its 100th anniversary in November.

A sparsely populated country on the northeastern edge of Europe, Finland has never been a natural hub for global aviation. But the Finns have always been very ingenious in taking advantage of geography, succeeding in turning their homeland of only 5.5 million people into a major intercontinental hub.

Renowned for its efficient hub in Helsinki, Finnair had thrived for decades as the premier transfer point for Europeans traveling to and from Asia. However, on February 26, 2022, its successful business model abruptly stopped.

Flight AY073—which had been taking a direct route through Russian airspace to reach Japan in less than nine hours—was no longer permitted to do so. As a result of the Russian war on Ukraine and subsequent sanctions, Finnair faced a significant challenge, with the Helsinki-to-Tokyo route taking more than 13 hours and covering an additional 3,000 miles to avoid Russian airspace.

Previously employed by Nordea Bank, Manner assumed the CEO position at Finnair in January 2019, bringing an outsider’s perspective to the airline’s headquarters near Helsinki’s Vantaa airport.

His leadership at Finnair enjoyed a brief honeymoon period before the unprecedented pandemic crisis. In early 2022, the Nordic carrier encountered an even greater threat due to its heightened exposure to the repercussions of Russia’s war. This distinguished Finnair from airlines like Air France, which experienced comparatively minimal impact.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS TRAVELER USView all
World Fairs - As Art Basel prepares for its annual shows in Paris and Miami, CEO Noah Horowitz discusses the cultural and financial impact of the globe's premier contemporary art event
Business Traveler US

World Fairs - As Art Basel prepares for its annual shows in Paris and Miami, CEO Noah Horowitz discusses the cultural and financial impact of the globe's premier contemporary art event

Art basel ceo Noah Horowitz isn’t used to doing things the old-fashioned way. Before stepping up to lead the largest, most prestigious art fair operator in the world, he was Basel’s director of the Americas, in charge of the company’s most contemporary-leaning show in Miami Beach. Now he turns his attention from one of the youngest major art cities in the world to one of the oldest: Paris.

time-read
10 mins  |
October 2024
Beyond the Beach - Why Miami's Coconut Grove is booming
Business Traveler US

Beyond the Beach - Why Miami's Coconut Grove is booming

Miami’s oceanfront neighborhoods may grab international attention, but other parts of town offer as much appeal. The entire city is booming with development, says Jaclyn Bild, a broker associate with Douglas Elliman who was born and brought up in Miami. “The beating heart of Miami is now on the mainland, whereas before it was all about the Beach,” she says. “Neighborhoods that have been around forever are transforming into trend centers, and others are burgeoning for the first time.”

time-read
2 mins  |
October 2024
Dry Season - How resorts and wineries are adapting their programs to attract nondrinking visitors
Business Traveler US

Dry Season - How resorts and wineries are adapting their programs to attract nondrinking visitors

Resort and Spa in Napa, California, it has always been about wine—with a location just minutes from top wineries, a restaurant with an extensive wine list, and rooms looking out over working vineyards. Since its opening in 2006, it has been inherently clear that this hotel caters largely to oenophiles. But after a twoyear $25 million renovation completed earlier this year, there have been a few notable additions to the premises: new rooms, a refreshed lobby and expanded bar, as well as a newfound emphasis on speaking to a sober or sober-curious audience.

time-read
2 mins  |
October 2024
American Airlines Flagship Lounge
Business Traveler US

American Airlines Flagship Lounge

Located in Terminal 4 at LAX, the American Airlines Flagship Lounge offers a respite from the chaos of one of the busiest airports in the world.

time-read
2 mins  |
October 2024
Iberia Next Business Class
Business Traveler US

Iberia Next Business Class

Iberia has introduced its new Next cabin across its fleet, with upgrades in all classes, including significant improvements in Business.

time-read
3 mins  |
October 2024
Il Gattopardo
Business Traveler US

Il Gattopardo

With a name evoking Luchino Visconti’s 1963 film, Il Gattopardo, this London restaurant pays homage to ’60s Italy. Located on Albemarle Street, it joins the family of international luxury restaurant brands that include übersuccessful Coya, Amazónico and the intimately elegant Bar des Prés.

time-read
1 min  |
October 2024
Bar Iris
Business Traveler US

Bar Iris

Bar Iris is a brilliant partnership between Michelin-starred chef David Yoshimura of Nisei, a California-Japanese restaurant located next door, the late Ilya Romanov and Timofei Osipenko, who now manages this elegant space and makes sure guests have a joyful time.

time-read
1 min  |
October 2024
MercedesBenz AMG GT 63
Business Traveler US

MercedesBenz AMG GT 63

Mercedes has just revealed an enticing sports car to rival the class-leading Porsche 911. The new-generation AMG GT is a two-door that’s fast but crucially lacks any practicalities.

time-read
1 min  |
October 2024
Works
Business Traveler US

Works

How eco-friendly timber is enabling the rise of \"ply-scrapers\" around the world

time-read
9 mins  |
October 2024
Top Secret
Business Traveler US

Top Secret

Beyond their advertised premium tiers, airlines offer clandestine ultra-elite status to their most valued clients

time-read
4 mins  |
October 2024