All Nordica articles
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NewsEstonia’s Nordic Aviation Group files for bankruptcy after privatisation collapses
Estonian carrier Nordic Aviation Group has ceased operations and filed for bankruptcy after a proposed investor pulled out of a planned privatisation.
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NewsEstonian ministers end potential Nordica sale talks but privatisation aim remains
Estonian ministers are suspending discussions with two companies which had sought to acquire the troubled carrier Nordic Aviation Group, although efforts to privatise the company will continue. The ministry of climate change says two entities had submitted binding purchase offers. But one has been determined to be “financially insufficient”, and ...
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NewsEstonian state not a ‘capable’ airline owner and should sell carrier Nordica: audit office
Estonia’s government is not sufficiently capable of acting as the owner of complex aviation businesses, the country’s national auditor has concluded after a review of regional operator Nordica’s business. The national audit office, Riigikontroll, says the government is too indecisive, adding that a sale of Nordica and the associated aircraft ...
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NewsNordica turns to Knighthood Global for turnaround after revenue falls short
Estonian carrier Nordic Aviation Group has brought in consultancy firm Knighthood Global to carry out a restructuring, in an attempt to turn around losses after supply chain issues hit its revenues amid rising costs.
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NewsExcursion CRJ900's nose-wheel steering reversed by incorrect maintenance
Swedish investigators have found that incorrect installation of a Bombardier CRJ900’s nose-wheel steering sensor resulted in rudder-pedal deflection inputs being reversed, before the jet suffered an excursion during take-off from Gallivare. The Nordica aircraft had been departing runway 30 for a service to Stockholm on 9 September last year. Its ...
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NewsNordica debuts under own code as it eyes Tallinn return
Estonian carrier Nordica has begun operating flights under its own AOC and IATA code for the first time.
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NewsNordica to buy out LOT stake in regional unit Xfly
Estonian carrier Nordica has reached agreement with LOT Polish Airlines to acquire its 49% share in Xfly, making it the sole owner of the regional capacity provider.
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NewsNordica cleared to take €30m Estonian support package
Estonian operator Nordica has secured approval for a €30 million financial support package which will comprise a share capital increase and a loan with subsidised interest. Nordica is a capacity provider operating regional jets for carriers in northern and eastern Europe, but has been facing the possibility of insolvency before ...
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NewsEstonia makes merger a condition of Nordica capital increase
Estonia’s government is to increase the share capital of local carrier Nordica by €30 million ($33 million) to help the airline through the coronavirus crisis – an investment which is conditional on the merger of Estonian aviation assets.
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Nordica stops own-brand flights but subsidiary to expand
Estonian carrier Nordica has suspended operations carried out from Tallinn under its own brand, owing to cost pressures.
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Nordica division to expand with more SAS CRJ900s
Estonian operator Nordica's Regional Jet division is to expand its fleet with five more Bombardier CRJ900s next year.