Head of Estonian Air, Tero Taskila, has admitted that he was in talks with two companies from outside of Europe about partnership. Estonian Air in cooperation with the Airport of Tallinn plan to establish Asian link, thus talks about partnership with airlines outside of Europe. Juhan Parts, minister of economic affairs indicated that the government would consider any offer made for Estonian Air, yet the state is looking to sell the airline at profit. Yet Parts indicated that he is pessimistic about any offer to come up in the near future. |
Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more
Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more
Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more