newstodate.aero
Dec 13, 2012 (newstodate): Estonian Air cannot survive without state aid, and the Estonian government has now agreed to lend the carrier 8.3 mio euro.
The transaction will require the approval by EU, and the Estonian government will thus hand in a formal request to EU by January 1, 2013.
As a next step and a precondition for activating the loan, Estonian Air must then draw up a new plan for the restructuring of the airline, and this must be presented to the government by February 28, 2013.
The transaction will require the approval by EU, and the Estonian government will thus hand in a formal request to EU by January 1, 2013.
As a next step and a precondition for activating the loan, Estonian Air must then draw up a new plan for the restructuring of the airline, and this must be presented to the government by February 28, 2013.