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.

Estonian national airline Nordica carried some 143,000 passengers in the second quarter this year. Due to the recent reorganisation of its network of routes from Tallinn, with the airline reducing the volume of flights by one-third, the number of passengers has also reduced by about 30 percent compared to the same period last year. A total of some 270,000 passengers have been served in the first six months of this year, as expected by the airline.

According to the annual report, the sales turnover of Nordic Aviation Group (Nordica) in 2018 increased to 107.7 million euros, which is 30% more than the previous year.

Nordica’s and its subsidiary Regional Jet’s joint bid wins the four-year tender contract for operation of a Swedish domestic flight route. The contract stipulates that Nordica and its subsidiary shall continue operating the flight route between Stockholm and the northern Swedish towns of Arvidsjaur and Gällivare until the autumn of 2023.

Airlines Nordica and LOT have signed a renewed cooperation agreement under which LOT will take over the management of ticket sales and customer service and Nordica will focus solely operating flights.

The consolidated Nordic Aviation Group, the Estonian flag carrier, served over 2.2 million passengers in 2018. The newly released figure is 2.5 times greater than that of the most successful years of the previous state-owned flag carrier. Nordica’s subsidiary Regional Jet is forecasting continued growth this year. SAS has also voiced satisfaction with its Estonian partner.