Airport, Estonia, Financial Services, Transport

International Internet Magazine. Baltic States news & analytics Saturday, 20.12.2014, 15:38

Estonian Air expected to post loss in amount of 27 mln euros in 2012

Juhan Tere, BC, Tallinn, 17.10.2012.Print version
Estonian national airline Estonian Air would post loss amounting to 27 million in 2012, an ex-pilot of the company and now-chief inspector of Estonian Civil Aviation Department August Kaazik forecasted, Estonian national broadcasting corporation reported referring to a newspaper Eesti Paevaleht.

This year, the company's financial activity lead it to the risk zone, LETA/ERR reported.

 

The company reduced its net assets to 19.6 million euros, which makes less than a half of its share capital, Kaazik pointed out.

 

The expert noted that the company's net assets value could diminish to ten million euros by the end of the year.






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