Reply To: Estonian Air ceased operations today (Nov 8).Create Topic


Home Forums Airlines All airlines Estonian Air ceased operations today (Nov 8). Reply To: Estonian Air ceased operations today (Nov 8).

#539329

AMcWhirter
Participant

There’s so much happening elsewhere that this news has been overshadowed by other events.

But news now emerging says it’s to do with state aid. The EC has ordered the airline to pay back money it has received from the government.

The amount in question is 85 million Euros. In addition it will not be allowed to receive a further 40 million Euros restructuring aid.

http://www.bloomberg.com/news/articles/2015-11-07/estonian-air-ceases-operations-after-eu-orders-state-aid-return