Estonian national airline, which has acquired three new Bombardier airplanes in the beginning of 2011, has decided to cancel its order for another 3 Bombardier airplanes and acquire Embraer planes. The company has signed a contract to lease three Embraer 170 airplanes, and later trade them into 3 brand new Embraer 190 airplanes. Estonian Air indicates that Bombardier acquisition conditions were not suitable for the company. Finnish Finnair operates 18 Embraer airplanes, Polish LOT operates 27, German Lufthansa operates 35 Embraer planes in their fleets. |
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