We are pleased to confirm that the potential investor who has submitted an official offer to privatize Nordic Aviation Group is Mr. Lars Thuesen, the owner of Jettime and investor in other successful businesses. Mr. Thuesen has a wealth of experience in aviation, having previously invested in Jettime and serving as part-owner of several other ventures in the industry. He has expressed confidence in our ongoing efforts to strengthen and secure the future of Nordic Aviation Group.

Nordic Aviation Group AS (Nordica, Xfly) is proud to announce that an investor has submitted a formal offer to privatize the company, marking a significant milestone in our ongoing transformation. This offer represents a key step forward in our efforts to strengthen NAG position in the competitive aviation market, allowing us to build a sustainable future and deliver long-term value for our stakeholders.

On August the 1st, the Nordic Aviation Group (Nordica) started a process to turn the company around; for that purpose, an international consultancy company was hired, whose task is to turn the aviation company onto the path of profitability.

The Nordic Aviaton Group - Xfly and Nordica are both members of, - fulfilled the dream of a youngster suffering diabetes. He could test his dream-job - that of a pilot, in the cockpit with real-life pilots on the route of Tallinn-Stockholm-Tallinn. Read further and enjoy the video of his journey.

The annual Estonian Aviation Days has grown into the biggest aviation event in the Baltics. From young dreamers to senior experts, the event was all about passion for flying and bringing people together. The presence of Nordica team contributed to the experience for thousands of attendees together with the other bit aviation industry people.

The supervisory board of Estonia’s national aviation concern Nordic Aviation Group (NAG) has named Jan Palmer, the CEO of the group’s subsidiary Xfly, as Chairman of the Management Board of NAG. As a result of ongoing restructuring efforts, the group will now operate under unified management. NAG plans to add its first Airbus 320 to its fleet in addition to its ATR72and CRJ900 aircraft, while the group’s subcontracting arm, ACMI business, will now function on a global scale.

Nordica, which forms part of the Nordic Aviation Group, will be operating its first regular flights today, having been internationally certified as an airline and issued with an International Air Transport Association (IATA) code. This is also the first time that passengers have purchased tickets from Nordica’s own sales platform.

This morning, the general meeting of Nordic Aviation Group (NAG) or Nordica shareholders approved the company's annual report for the previous financial year. While the business initially forecast a loss of more than 20 million euros due to the near complete cessation of operations as a result of the Covid-19 lockdowns, the company actually ended 2020 with a loss of 10.5 million euros.

Following lengthy negotiations, Estonia’s national airline Nordic Aviation Group (Nordica) and the Polish national carrier LOT Polish Airlines have reached an agreement on amending the ownership structure of their joint subsidiary Xfly (previously Regional Jet). According to the contract they have entered into, Nordica will purchase LOT’s 49% share in Xfly, after which Nordica will become Xfly’s sole owner. Commercial cooperation between Nordica and LOT will continue.

Estonia’s national airline Nordica is launching preparations for the transition from its summer to its winter flight schedule. The start of the business season and increased demand have seen an extra weekly flight added to the schedule for early autumn, running through to the end of October.