Estonia: National airline Nordica to stop operations, to be sold off

Estonia’s state-owned national airline, Nordica, will cease operations, ERR reports. Climate Minister Kristen Michal said that the government would allocate EUR 14.5mn to Tallinn Airport to ensure competitive fees and secure important routes. Another option is for the government to begin procuring direct flights to key destinations. The Ministry of Climate has contacted seven potential investors to privatise Nordica. Michal expects the privatisation plan to be clear by February 2024. The government intends to privatise Transpordi Varahaldus, which owns Nordica’s aircraft, as well.