Estonian banking group LHV is financing the purchase of two Bombardier CRJ900s for use by Nordica.
LHV says it will buy €25 million ($27 million)worth of bonds with an eight year maturity from state-owned company Transpordi Varahaldus which will use the money to purchase the two jets and then lease them to Nordica. The bonds will be bought in equal shares by LHV pension funds and LHV Bank.
Nordica says the first aircraft will arrive in Tallinn in June and the second will be delivered in July. Both will enter service in August.
The carrier does not divulge the origin of the CRJ900s beyond stating that “the planes were manufactured in the Bombardier plant in Canada in 2011 and have been well maintained, and they are equivalent to the models Nordica already owns”.
Nordica’s chief financial officer Ahto Parl says one of the new CRJ900s will be used on the regional carrier’s own network while the second will be used on routes operated by LOT Polish Airlines, which has a 49% stake in Nordica.
One of the new jets will be used to replace one of Nordica’s CRJ700s which will be “left in Tallinn as a spare” the carrier says.
Flight Fleets Analyzer shows that Nordica has a fleet of six CRJ900s of which four are leased from Transpordi Varahaldus and two from Regional One, one Embraer ERJ145 leased from BMI Regional and one Fokker 50 leased from Carpatair.
Source: Cirium Dashboard
