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The Estonian government has broken off talks with two potential investors regarding the sale of the airlines Nordica and Xfly. According to Infrastructure Minister Kristen Michal, the sales process has been put on hold for the time being. Both airlines are said to be under state control
Latvia's Air Baltic is not interested in taking over competitors Nordica and/or Xfly, which are up for sale. Managing director Martin Gauss also justified this in an interview with the Estonian radio station ERR by saying that they are currently
The Condor sister company Marabu Airlines is bringing out the hard guns against its former partner Nordica because it has filed a lawsuit for damages worth 9,5 million euros. At the same time, an order was obtained from the court that all shares of
The planned sale of Nordica and Xfly has now been initiated by the Estonian government. A few days ago the corresponding decision was made to separate from both ACMI providers. Under the
The Estonian Ministry of Transport wants to decide in January 2024 to whom the financially struggling airline Nordica will be sold. According to a report by the ERR, a total of seven European companies are expected to...
The next few days and weeks are likely to be crucial for the future of Marabu partner Nordica, because not only is the company in massive financial trouble, but the Estonian government is ruling out financial aid. You want the company
The Estonian airline Nordica, a subsidiary of the state-owned Nordic Aviation Group, is in a serious financial crisis. In the first nine months of the current year alone there are losses of 11,9 million
The Court of Audit of the Republic of Estonia has assessed the conduct of the Nordic Aviation Group, which includes Nordica, Xfly and Transpordi Varahaldus, extremely critically. The government is advised to sell the state-owned group of companies. Nordica was initially
The financial situation of the Marabu Airlines partner Nordica is apparently even more tense than previously assumed. The carrier and its subsidiary Xfly, which specializes in ACMI and charter services, are threatened with going to bankruptcy court in the third quarter if none is filed by then
Hardly any other airline manages to hit the negative headlines as often as the Estonian Condor sister company Marabu Airlines. In the meantime, voices that the German Federal Aviation Office must intervene are becoming louder, especially in aviation forums. It
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