Estonian Air still elaborates on restructuring plan

Feb 21, 2013

TALLINN – Estonian national carrier Estonian Air's council chairman Erkki Raasuke told Postimees that compiling the restructuring plan of the company is in its final stretch but added that there can hardly be a final wholesome plan to place in an envelope and offer someone.

Raasuke said that such a plan isn’t possible since the company is in constant change. "A lot depends on the decision of the European Commission," said Raasuke, adding that it may take months to reach that.

Raasuke did not agree to reveal how long the troubled carrier would be able to survive if the possible granting of state aid was delayed.

The government should have today discussed the restructuring plan of Estonian Air that it could present to the European Commission but it was decided yesterday to postpone the discussion by a week again.

The European Commission announced on Wednesday that it has opened an in-depth investigation into a number of public support measures granted by Estonia in favour of its flag carrier airline Estonian Air.

SOCIAL BOOKMARKS:   Delicious   Digg   Reddit   Ask   Facebook   MrWong   Netvouz