The Estonian government has deferred a pivotal decision on the future of the state-owned aviation firm Nordica.
The airline is facing a crisis point, reportedly racing to secure aircraft contracts amid ongoing privatization discussions.
Economic Affairs Minister Vladimir Svet (Center) has expressed the aim of clarifying Nordica’s fate by mid-November, with potential outcomes ranging from a sale to full closure.
The Ministry of Climate had previously warned that without new clients or successful privatization following the termination of its agreement with Scandinavian carrier SAS, Nordica would likely face bankruptcy.
Initially, the government was set to make a decision during Thursday’s cabinet session on Nordica and Transport Asset Management (Transpordi Varahaldus), which operates its aircraft.
More read: ERR.EE
