newstodate.aero
Mar 21, 2013 (newstodate): Today, Estonia's ailing carrier Estonian Air is reportedly to present a status on work on its restructuring plan as well as details on its economic situation.
The airline must next deliver its final restructuring plan for scrutiny by the government by April 18, 2013, and it will then be forwarded to the EU Commission for its assessment of adherence to EU regulations on state-aid to airlines.
In the meantime Estonian Air is struggling to re-size its aircraft fleet from 10 to only five aircraft necessary for operating the 10 routes deemed crucial for survival.
Estonian Air has reached an agreement with Embraer to divest of two E-190 aircraft at a penalty, while stuck with its three Bombardier CRJ900 aircraft that have been up for sale for almost year without finding credible buyers.
In the fleet are also four Embraer E-170 aircraft operated on a one-year lease contract with Finnair.
Also the three SAAB 340 aircraft operated by Estonian Air Regional are being phased out as their leasing periods expire, contributing to the efforts to slim the carrier's route network, work force and aircraft fleet.
The airline must next deliver its final restructuring plan for scrutiny by the government by April 18, 2013, and it will then be forwarded to the EU Commission for its assessment of adherence to EU regulations on state-aid to airlines.
In the meantime Estonian Air is struggling to re-size its aircraft fleet from 10 to only five aircraft necessary for operating the 10 routes deemed crucial for survival.
Estonian Air has reached an agreement with Embraer to divest of two E-190 aircraft at a penalty, while stuck with its three Bombardier CRJ900 aircraft that have been up for sale for almost year without finding credible buyers.
In the fleet are also four Embraer E-170 aircraft operated on a one-year lease contract with Finnair.
Also the three SAAB 340 aircraft operated by Estonian Air Regional are being phased out as their leasing periods expire, contributing to the efforts to slim the carrier's route network, work force and aircraft fleet.