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Saturday, 7 November 2015

CRJ-700/900 Operator Estonian Air Ceases Operations

Following a lengthy investigation by the European Commission, Estonian Air has been ordered to repay €85 million (plus interest) in state aid, and will no longer be able to receive an additional €40 million in restructuring aid.

The Commission has investigated state aid to many carriers in the past years with favorable rulings for companies such as Adria Airways, AirBaltic, Air Malta, Czech Airlines and LOT, while the requirement to repay caused the collapse of Hungary's Malev, and Cyprus Airways.

As a result of this ruling Estonian Air will cease operations tomorrow, 08-Nov-2015

In preparation for the expected outcome of the investigation, the Estonian government has formed a new holding company, Nordic Aviation. The new company will commence services on 08-Nov-2015 using the AOC of Slovenia's Adria Airways, and aircraft chartered from Adria, bmi regional, NextJet, Trade Air and Carpatair.

Estonian operated three CRJ-900's, as well as two recently acquired CRJ-701's.

MSN 15261 - CRJ-900 ES-ACB
Estonian Air
Tallinn, Estonia 27-Jan-2011
Rotate270 Photo

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