Estonia-owned Nordica and Xfly to file for bankruptcy after no investor found
The Republic of Estonia-owned Nordic Aviation Group AS (Nordica) and Regional Jet OÜ (Xfly) will cease operations after…
Estonian government cancels the sale of Nordica
The Estonian government has reportedly stopped the process to sell the Nordic Aviation Group (NAG), which operates under…
Nordica to acquire LOT stake in Xfly, become sole owner
Estonia’s flag-carrier Nordic Aviation Group (Nordica) reached an agreement with LOT Polish Airlines to obtain LOT’s 49% share…
Nordica receives approval for €30 million state-aid package
Nordica, the national air carrier of Estonia, received approval for governmental support which would include a state-guaranteed loan…
Estonian government rejects idea to privatize state-owned Nordica
Nordica, the national air carrier of Estonia, will not be privatized, said Taavi Aas, Estonia’s Minister of Affairs…
Europe’s airline graveyard: carriers that went burst since 2019
While the recent coronavirus outbreak could be depicted as the straw that broke Flybe’s back, its bankruptcy in…
Aviation in the Baltics: airBaltic vs Nordica (Part I)
The situation of the airline industry in the three Baltic states, namely Estonia, Latvia and Lithuania, is an…