newstodate.aero
Aug 19,2009 (newstodate): The crisis of the airlines in the Baltic region may affect their plans for delivery of new aircraft.
The Estonian carrier Estonian Air was originally slated to receive a total of three CRJ900 aircraft this summer, with the first to be delivered by the end of May, the second in the middle and third one by the end of June, 2009.
Plans were, however, changed, into a delivery scheme comprising all three aircraft in one batch later in the year, with a delivery date yet to be announced.
The issue remains the settlement of the financial details of the transaction: so far the Canadian state has not issued a state guarantee for the sale of the the aircraft by Bombardier, and with the ongoing and deepening crisis the deal has yet to materialise.
The case may be different with the Latvian carrier airBaltic that is set to receive a total of eight Dash-8 Q400 aircraft, starting from November, 2009, and running through eight months with one aircraft per month.
While the order was negotiated by the SAS Group when it still owned 47.2 percent of the shares in airBaltic, the aircraft will be fully owned by airBaltic where the SAS stake has since been acquired by the carrier's CEO after a management buy-out by the turn of the year.
The re-financing of the Q400 aircraft has, however, reportedly still not been settled, and may cause problems considering the current financial plights of the carrier.
The Estonian carrier Estonian Air was originally slated to receive a total of three CRJ900 aircraft this summer, with the first to be delivered by the end of May, the second in the middle and third one by the end of June, 2009.
Plans were, however, changed, into a delivery scheme comprising all three aircraft in one batch later in the year, with a delivery date yet to be announced.
The issue remains the settlement of the financial details of the transaction: so far the Canadian state has not issued a state guarantee for the sale of the the aircraft by Bombardier, and with the ongoing and deepening crisis the deal has yet to materialise.
The case may be different with the Latvian carrier airBaltic that is set to receive a total of eight Dash-8 Q400 aircraft, starting from November, 2009, and running through eight months with one aircraft per month.
While the order was negotiated by the SAS Group when it still owned 47.2 percent of the shares in airBaltic, the aircraft will be fully owned by airBaltic where the SAS stake has since been acquired by the carrier's CEO after a management buy-out by the turn of the year.
The re-financing of the Q400 aircraft has, however, reportedly still not been settled, and may cause problems considering the current financial plights of the carrier.