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Monday, 26.10.2026, 23:31
Estonian Air may go bankrupt
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Parts said at the government's Thursday press conference that no decisions were made in the government today and that the government will discuss the topic again in three weeks' time, writes.
Parts explained that Estonian Air submitted the state as the owner two options. "The first is ending activities via insolvency. The other option is that the state would finance the plan of Estonian Air continuing independently."
Parts said that in the first case, the state is interested in flight connections corresponding to the state's development needs. This would mean a possible state procurement for connections that are of public interest.
In the second case, the state would have to make additional investments in the company but that has several conditions. "This means that the company has to be regionally competitive in its activities. This requires a fundamental revision of the current collective labour agreement, the other condition is that the investment has to be in line with the European Union aviation state aid rules," said Parts.
Prime Minister Andrus Ansip said that he has to withdraw his earlier promise that Estonian Air won't be allowed to go bankrupt although bankruptcy is not the option the government would prefer.
Parts said that the government will discuss the matter again in three weeks and final decisions will be made in the first quarter of the next year.









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