NEAR-BANKRUPT carrier Estonian Air's board of directors has been sacked by transport minister Andi Meister and replaced with a new board.
The carrier has made an operating profit of about 1 million Kroons ($80,000) over the past ten months, but this amount is far short of the earnings needed to service its debts.
Managing director Anti Oidsalu has issued an ultimatum to the Government to declare its intentions toward the airline, stating that it would have to sack him before dissolving the company.
Source: Flight International
