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THE ESTONIAN AIRLINE IS PREPARING FOR BANKRUPTCY

... In 2019, the company stopped operating flights. The main activity was focused on the provision of services for the rental of airliners and their maintenance. The company was engaged in hiring and working with aircraft crews. But this model has proved ... ... 7.9%. At the same time, the decrease in revenues amounted to €33.2 million. This is 21.3% less than last year's results. The bankruptcy of NAG calls into question the future of the Estonian aviation industry. Despite efforts to maintain operations, the company has not been able to adapt to the changed market ...

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