The government will not allocate additional funding for the struggling airline Nordica and is pushing for privatization or closure, Minister of Climate Kristen Michal (Reform) told ERR.Additionally, €14.4 million will be given to Tallinn Airport on the agreement it will not increase its fees.
“It is appropriate to underline that the situation of Nordica is very difficult.It is already common knowledge that Nordica’s expansion plans, made in the past, led to the company’s decline.The board is trying to get the damage under control on an ongoing basis, their indication to us today is that the situation has been better in September, on balance, however, it is still very complicated,” Michal said on Wednesday, commenting on the company’s €11.9 million loss over the last nine months.
Read more: ERR.EE
