Estonian State Airline Nordica Plans to File for Bankruptcy

Estonia’s state-owned airline Nordica is planning to file for bankruptcy, the company says in a statement.

• “Nordic Aviation Group was informed by the potential investor Lars Thuesen about the intent not to proceed with privatization,” company says
• “Therefore, assessing the company’s economic situation, the Management Board has decided to cease the airline’s operations and file for bankruptcy of Nordic Aviation Group AS and Regional Jet OÜ (Xfly)”

To contact the reporter on this story:
Ott Tammik in Tallinn at otammik@bloomberg.net

To contact the editors responsible for this story:
Chad Thomas at cthomas16@bloomberg.net

Piotr Bujnicki

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