Press centre
Nordica press centre
This page contains press releases and news from Nordica, member of the Nordic Aviation Group.
Media enquiries
+372 534 939 65 (Mon–Fri 9:00–17:00)
pr@nordica.ee
-
On Friday, November 29, Nordic Aviation Group submitted a petition to the court to declare the bankruptcy of Nordica and Xfly. As of today, interim bankruptcy trustees have been appointed for Nordica, and the court has imposed restrictions on all transactions involving Nordica's assets. The court is expected to appoint an interim bankruptcy trustee for Xfly in the near future.
-
On Monday, November 18, Nordic Aviation Group was informed by the potential investor Lars Thuesen about the intent not to proceed with privatization. Therefore, assessing the company's economic situation, the Management Board has decided to cease the airline's operations and file for bankruptcy of Nordic Aviation Group AS and Regional Jet OÜ (Xfly).
-
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.