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Estonian Air healthy, says Palmer

  • 2014-02-25
  • From wire reports, TALLINN

Chairman of the board of Estonian national airline Estonian Air, Jan Palmer, expressed regret over speculation published in the media about the possible bankruptcy of the airline, reports Aripaev Online.

"It is extremely regrettable to read about speculation on the bankruptcy of Estonian Air. An airline sells trust, first and foremost, and all kinds of speculation about a possible bankruptcy are certainly not doing anything good to our ticket sales," Palmer said.

"I confirm that the state of Estonian Air today is much firmer than a year ago when the government approved of the carrier's restructuring plan and allocated a rescue aid loan to implement it. The restructuring of Estonian Air has proceeded according to plan."

The European Commission recently launched an investigation over the legality of state aid granted to Estonian Air. The airline hopes for an answer by the end of this year.

Rumors swirled when Delfi wrote last week that at the Reform Party board meeting, issues around Economy and Communications Minister Juhan Parts were discussed, and that Estonian Air was threatened by bankruptcy.