Estonian Air bankrupt - Replaced by Nordica

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Re: Estonian Air bankrupt - Replaced by Nordica

Post by sn26567 » 04 Nov 2016, 16:58

ezis_bis wrote:Nordica will be sold for 49% to LOT Polish
It shows that LOT recovered very well after being itself almost bankrupt.

More details on the deal: http://www.aviation24.be/airlines/lot-pol ... w-tallinn/
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Re: Estonian Air bankrupt - Replaced by Nordica

Post by ezis_bis » 01 Sep 2017, 10:19

Despite Nordica/LOT, massive increase in flights of Finnair on the HEL-TLL route

http://news.err.ee/615876/finnair-to-ad ... ki-in-2018

17 extra flights a week, up to 10 a day

Keep in mind, the pure HEL-TLL traffic takes the boat, so this is mainly connecting traffic

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Re: Estonian Air bankrupt - Replaced by Nordica

Post by ezis_bis » 09 Nov 2018, 08:36

From January, Nordica will cut routes from Tallinn;
Oslo, Amsterdam and St-Petersburg

The number of flights to Stockholm-Arlanda and Munich will be reduced

The carrier cites heavy competition (up to 4 carriers on route to Arlanda), and predicts loss for this year. Last year they did make a profit, but this was thanks to the Estonian presidency of the EU

Nordica will focus on flying on behalf of others (They fly ATRs for Scandinavian and CRJs for LOT Polish)

source: https://www.err.ee/875707/nordica-sulge ... d-tootajat

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Re: Estonian Air bankrupt - Replaced by Nordica

Post by skumfiduse » 09 Nov 2018, 12:49

ezis_bis wrote:
09 Nov 2018, 08:36
From January, Nordica will cut routes from Tallinn;
Oslo, Amsterdam and St-Petersburg

The number of flights to Stockholm-Arlanda and Munich will be reduced

The carrier cites heavy competition (up to 4 carriers on route to Arlanda), and predicts loss for this year. Last year they did make a profit, but this was thanks to the Estonian presidency of the EU

Nordica will focus on flying on behalf of others (They fly ATRs for Scandinavian and CRJs for LOT Polish)

source: https://www.err.ee/875707/nordica-sulge ... d-tootajat
And there's more to come, if you ask me. airBaltic has stated several times it aims to become the leading airline in the Baltic region. Their fleet renewal is halfway with more A220-300 (CS300) to come next year and the phase-out of the Q400's as well as their ageing 737's.

In the end, Nordica will either keep flying a handful of trunk routes, or change its business model entirely to ACMI (like CityJet and Air Nostrum). Time will tell but they can be grateful for mother LOT!

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Re: Estonian Air bankrupt - Replaced by Nordica

Post by ezis_bis » 15 Nov 2018, 00:00

skumfiduse wrote:
09 Nov 2018, 12:49

And there's more to come, if you ask me. (...) they can be grateful for mother LOT
Well, seems you're right

http://m.arileht.delfi.ee/article.php?id=84321971

Also Hamburg, Berlin and Rijeka will be cut
Munich will be cut as from next summer

All flights will be proposed via Warsaw
I feel more and more upset about this

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Re: Estonian Air bankrupt - Replaced by Nordica

Post by sn26567 » 15 Nov 2018, 10:49

It looks more and more like airBaltic is set to become THE airline for the three Baltic states.
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Re: Estonian Air bankrupt - Replaced by Nordica

Post by sn26567 » 06 Dec 2018, 22:52

Nordica is mulling buying out the stake held by LOT in their joint carrier, Regional Jet (Estonia), as Nordica does believe LOT will be in it for the long-run due to changing market conditions. However, the buyout would not necessarily be the end of their collaboration.
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Re: Estonian Air bankrupt - Replaced by Nordica

Post by skumfiduse » 07 Dec 2018, 10:24

sn26567 wrote:
06 Dec 2018, 22:52
Nordica is mulling buying out the stake held by LOT in their joint carrier, Regional Jet (Estonia), as Nordica does believe LOT will be in it for the long-run due to changing market conditions. However, the buyout would not necessarily be the end of their collaboration.
Nordica is underperforming, LOT is not happy with it. Nordica has axed quite some routes recently. It remains to be seen whether Nordica will be able to turn the tide on its own. The ACMI-contract with SAS is hopefully beneficial, yet the competition of airBaltic is fierce.

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