Nordica, the national air carrier of Estonia, received approval for governmental support which would include a state-guaranteed loan of €8 million as well as capital back-up by €22 million....
Nordica, the national air carrier of Estonia, will not be privatized, said Taavi Aas, Estonia’s Minister of Affairs on October 9, 2020. The doubtful idea of state-owned airline’s privatization was raised after previous local media reports that the measure would be a necessary alternative in order to pay back the €30 million state aid, which was granted to Nordica as a relief from the COVID-19 effects....
While Flybe bankruptcy came as a surprise to many, the regional carrier is joining a list that is getting less and less surprising, as many more carriers have announced their bankruptcy since 2019....
Since October 27, 2019, Nordica, Estonian state-owned airline, is no longer operating flights to (and from) Vilnius (Lithuania), Copenhagen (Denmark), Trondheim (Norway), Vienna (Austria), and Kyiv (Ukraine). The flights are taken over by LOT Polish Airlines and now are offered with a stopover in Warsaw (Poland)....
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