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Tue May 22, 2012, 13:18 GMT +3
Home More news list Estonian Air to Receive Major Investment

Estonian Air to Receive Major Investment

ERR - The government wants to restore the national carrier to flagship status.

Estonian Air, long associated with an aging small fleet of Boeings, and struggling to compete with low-cost carriers, will receive 30 million euros of investment over the next few years and purchase five new Bombardier aircraft.

Three of the new planes will swap out the old Boeings and help cut operating costs, the government communication unit said in announcing the cabinet's approval of the company's growth strategy on Novermber 3.

Having two more planes in the fleet will help increase frequency of flights. Four of the planes will reach Estonia in 2012, the fifth one in 2013.

Read more: http://news.err.ee/economy/c7982aa7-9cd4-4ec0-a50b-afe40c24dec4

Last Updated on Friday, 04 November 2011 13:50
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