Tag: Nordica

Young Estonian Carrier Posts Its First Profit

Reading Time: 2 minutes A 68 per cent surge in passenger numbers is behind an unexpectedly successful financial performance for Estonian national carrier Nordica’s second full year of operations, when it managed to achieve some 0.9 million euros of profits, despite a forecast loss of around six million euros for the period. Jaan Tamm, chairman of the management board […]

Smart Way for Estonia to Avoid Illegal State Airline Support?

Reading Time: 3 minutes 2015 was a rough year for Estonia and its national flag carriers. After European Commission concluded the airline had been given illicit state aid, Estonian Air went bankrupt as it could not afford to return the sums – € 85 million. At the same period of time, as a contingency plan, Estonian state established new […]