Nordica and Xfly to File for Bankruptcy
Nordic Aviation Group AS, the Republic of Estonia-owned parent company of Nordica and Regional Jet OÜ (Xfly), will cease operations… Read More »
Estonia’s Nordica Privatization Moves Forward
The privatization of Estonia’s national airline, Nordica, and its parent company, Nordic Aviation Group, is likely to proceed under the… Read More »
Estonia Halts Nordica Sale Amid Unsatisfactory Bids and Financial Concerns
Estonia’s government has decided to suspend the sale of the Nordic Aviation Group (NAG), the parent company of state-owned airline… Read More »
Estonia Approves Privatisation Strategy for State-Owned Airline Nordica
The Estonian government has officially endorsed the privatisation of Nordica, the national carrier fully owned by the state, signaling a… Read More »
Estonia’s Nordica Advances Sale Talks with Seven European Suitors
Estonia’s Ministry of Climate, responsible for overseeing the state-owned flag carrier Nordica (ND), is actively engaged in discussions with seven… Read More »
Estonia’s Nordica Faces Impending “Liquidity Crisis”: Privatization or Bankruptcy Decision by 2023
Estonia’s national carrier, Nordica (ND), is on the brink of a significant financial challenge, with its fate hanging in the… Read More »
Estonia to separate Nordica, Xfly under new holdco
Nordica (ND, Tallinn Lennart Meri) and two affiliates Transpordi Varahaldus, a lessor and maintenance company, and Regional Jet, an ACMI… Read More »
Ex-Estonian Air flight crew drop Nordica lawsuit
A five-year legal dispute between Estonian flag carrier Nordica (ND, Tallinn Lennart Meri) and a group of former employees at… Read More »