Nordic Aviation Group

Estonia’s Nordic Aviation Group (NAG) plans to file for bankruptcy, after a long-running attempt to privatize the state-owned company failed.

This marks the second significant aircraft transaction between the TrueNoord and Nordic Aviation Capital (NAC) in 2023.

The report, published Sept. 20, says that the state does not have the skills necessary to run an airline business.

Nordic Aviation Capital (HAC) has acquired a pair of Airbus A320s from rival lessor SMBC Aviation Capital as it expands into larger single-aisle leasing.

Estonia’s Nordic Aviation Group (NAG) has called in external consultants to try to turn around the group’s fortunes.

One of Europe’s best-known aviation figures, Jan Palmér, plans to retire.

The new Tallinn - Edinburgh route will certainly stimulate demand in a market that currently see around 2,500 indirect passengers a year. However, when this city pair was previously served by low-cost carrier Ryanair on a three times weekly basis between January 2011 and the end of the summer, generating just under 30,000 annual passengers, according to UK Civil Aviation Authority (CAA) data.