newstodate.aero
Jul 06, 2018 (newstodate): The Estonian carrier Nordica has been growing fast since its start in 2015 and has just announced its first year of profitability in 2017, well ahead of original expectations.
Set up in the aftermath of the demise of Estonian Air, Nordic Aviation, later renamed Nordica, performed its first flight on November 8, 2015, with aircraft operated by Adria Airways in cooperation with BMI, Trade Air, NextJet and Carpatair.
Starting out with six aircraft, Nordica's fleet now comprises six ATR 72-600, two Bombardier CRJ700 and 10 Bombardier CRJ900 in addition to the capacity of one bmi aircraft.
-It has been a fast growth, but we also do not expect to add more aircraft in 2018, going now for a period of consolidation of operations, says Sven Kukemelk, Nordica Exec Director Business Development.
-We are now holding between one-third and one-fourth of the Estonian market for air transportation which has been achieved in less than three years of operation.
-In the longer perspective we would expect to grow to a fleet of 40-50 aircraft to achieve seat-mile costs sustaining continued profitable operations in a limited home market.
-Besides keeping a focus on serving the Estonian market with connectivity at Tallinn Airport, this would entail the opening of new bases outside Estonia serving regional markets as well as building up a sizeable ACMI business generating further revenues, says Mr Kukemelk.
Set up in the aftermath of the demise of Estonian Air, Nordic Aviation, later renamed Nordica, performed its first flight on November 8, 2015, with aircraft operated by Adria Airways in cooperation with BMI, Trade Air, NextJet and Carpatair.
Starting out with six aircraft, Nordica's fleet now comprises six ATR 72-600, two Bombardier CRJ700 and 10 Bombardier CRJ900 in addition to the capacity of one bmi aircraft.
-It has been a fast growth, but we also do not expect to add more aircraft in 2018, going now for a period of consolidation of operations, says Sven Kukemelk, Nordica Exec Director Business Development.
-We are now holding between one-third and one-fourth of the Estonian market for air transportation which has been achieved in less than three years of operation.
-In the longer perspective we would expect to grow to a fleet of 40-50 aircraft to achieve seat-mile costs sustaining continued profitable operations in a limited home market.
-Besides keeping a focus on serving the Estonian market with connectivity at Tallinn Airport, this would entail the opening of new bases outside Estonia serving regional markets as well as building up a sizeable ACMI business generating further revenues, says Mr Kukemelk.