The Hong Kong-based Cathay Pacific and Finland's Finnair announced Wednesday a new code-share arrangement that will see the two airlines cooperate on flights between Helsinki and three key European hubs.

The agreement also sees the two airlines sharing codes on flights between Hong Kong and Australia.

From March 1, the Cathay Pacific "CX" code will be placed on Finnair flights between its Helsinki hub and three Cathay Pacific destinations in Europe - Amsterdam, Frankfurt and London - enabling seamless travel for passengers flying from Hong Kong to Helsinki through any of these destinations.

The code-share arrangement will also see Finnair's "AY" code placed on Cathay Pacific flights from Hong Kong to and from three Australian cities - Sydney, Melbourne and Perth. Finnair passengers can enjoy seamless connections from Helsinki to Australia, flying to Hong Kong on Finnair's four-times-weekly service. This will increase to a daily operation from April 26.

Apart from Finnair, Cathay Pacific now code-shares with other three full member airlines of oneworld: American Airlines, British Airways and Iberia. Cathay Pacific also has code-shares in place to a total of 15 destinations operated by its sister airline Dragonair, an associate member of oneworld.