Baltic NEWS in UK » Estonian Air

Estonian Air Cuts Back To Survive

Joanna - Baltic NEWS in UK — Wed, 21 Nov 2012 11:39:39 +0000

Estonian Air is awaiting a governmental rescue package to halt the risk of ending up in administration. After a disastrous year of record losses which saw the removal of the company’s CEO Tero Taskila and the instalment of Jan Palmer as CEO, the company is still in difficulties. In October the company revealed a staggering loss over a nine month period of 20.2 Euros.

“The results shown by Estonian Air have been catastrophic. We cannot continue by losing 2.5 million Euros a month. It would not work,” said Jan Palmer.

By December 4^th the workforce will be reduced by half and the airline fleet reduced to just five aircraft. It has been announced that the employees will be reduced from 318 to just 172, one hundred of those earmarked as flight crew. There has been some rumble amongst the trade unions who consider that they have already made some big concessions. Veiko Saga, representative of the cabin crew trade union said that they had given up the work and rest time requirements and that they didn’t we have salary demands, that the only remaining issue that is being debated is the grounds of redundancies. Being so close to Christmas and the holiday period this could not have come at a worse time for Estonia Air and their employees.

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New Routes from the Baltic to Finland and Georgia

Sergio - Baltic NEWS in UK — Fri, 02 Dec 2011 15:32:32 +0000

Spring 2012 is to be a big moment for the Airline Estonia Air with plans to open four new routes with 1 going to Georgia and 3 going to Finland. This is outstanding news for the country and not forgetting Georgia and Finland as this would not doubt increase trade between all the regions. This move is expected to transform the capital Tallinn into a spacial regional hub.

The CEO of Estonian Air Tero Taskila said, “Estonian Air is aiming to attract different types of travellers, paying more attention to increase the share of transfer passengers”. The CEO carried on saying, “As Estonian market is limited, we need to expand our market size, so the flights from Estonia are financially sustainable.”

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Estonian Air fly’s higher in May 2010

Joanna - Baltic NEWS in UK — Mon, 28 Jun 2010 17:37:03 +0000

Travelling by the Estonian Airline giant Estonian Air increased over 2010 May. This is great news for the economy and the people. Over 50,000 passengers were carried during the month May which is an increase of over five percent.

Estonian Air has an excellent sense of time keeping being ninety-seven percent; this is a very good example set by the Airline and one most should follow. The Airline is owned by the state of Estonia, Cresco (the investment bank) and the SAS Group, this type of split generally gives organisations a good stability in the economy allowing them to drive forward even when there is tough time ahead.

One of the key features of Estonian Air is its Corporate Programme allowing organisations to be more expenditure efficient when travelling on business where they promote a smooth and comfortable journey. Additional features are their fixed fares and flexible flying terms with a constant update to their Clients.

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