Maximus
Gene Zolotarev on how to destabilize the EU financial system. Andris Berzins
Vladimir Linderman aka Abel Edmunds Sprudzs Valdis Zatlers Aivars Lembergs Girts Valdis Kristovskis Maris Grinblats Guntars Krasts Alfreds Rubiks Sandra Kalniete Raivis Dzintars Algirdas Butkevicius Algirdas Paleckis Dalia Grybauskaite Kazimira Danute Prunskene Vytautas Landsbergis Rolandas Aksas Viktor Uspaskich Valdemar Tomasevski Leonidas Donskis Arturas Zuokas Edgar Savisaar Andrus Ansip
The current website developed by YWSolution Limited

Estonian Air healthy, says Palmer

Feb 25, 2014
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.

 MORE NEWS
  • Unexploded wartime bomb found ...
    On Thursday, an explosive was found in Vilnius Airport. It is believed to be an un...
  • Straujuma marks first 100 days...
    Zanda Kalnina-Lukasevica, leader of the Saeima group of Latvia’s Reform Part...
  • Summit to continue Eastern Par...
    On Thursday, April 24, Lithuanian President Dalia Grybauskaite will travel to Prag...
  • Critical Mass event set for Ma...
    Cyclists in Riga are planning to participate in the cycling event called "...
  • Vejonis wants investigation in...
    Latvian Defense Minister Raimonds Vejonis has turned to law enforcement authori...
  • Troops regain control of Vilni...
    On April 23 residents and visitors to Vilnius will be able to observe a short e...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.