Estonian Air has to submit its rescue plan till April

  • 2013-03-12

TALLINN – The management and council of the Estonian national carrier Estonian Air till April 18 have to think of how to keep the company operating since that is when the government expects its restructuring plan, Postimees writes.

That is the date Prime Minister Andrus Ansip mentioned when answering inquiries of MPs in the Riigikogu on Monday. So far Estonian Air council chairman Erkki Raasuke and economy minister Juhan Parts have noted that the plan will be ready soon.

"The government expects a final and sustainable restructuring plan of AS Estonian Air from the economy and communications ministry by April 18 at the latest, i.e. plan A must be complete and finalized," said Ansip.

The plan is necessary for the state to be able to present to the European Commission a new request to allow the state to help the company out of its difficult state.

While earlier, Raasuke has said that 70 million euros would be needed to rescue Estonian Air, by now the sum has fallen to 37 million euros, of which the government has already approved of allocating 24.9 million euros.