Estonian Prime Minister Andrus Ansip said that the Estonian state does not intend to remain the sole owner of Estonian Air after talks conclude with current partner SAS, but wants to find a strategic investor for the aviation company, National Broadcasting reports.
The state’s aim is to guarantee that Estonia’s flight connections are preserved and the aviation company’s development is guaranteed. He said that the competition at the European aviation market is very tough. “Which is why we’ve come up with an entirely new strategy – that Estonian Air should have a strategic partner,” said Ansip, adding that “our analysts have poured over spreadsheets and business plans for two weeks, and we are confident that our new plan will pave the way to a successful future for Estonian Air.” Asked who that partner might be, a spokesman for the Prime Minister, on the condition of anonymity said “our leading candidate is SAS.”
Friday, December 18, 2009
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They should sell to Star 1 Airlines, who have plenty of routes, but don't have any airplanes.
ReplyDeleteI'm not sure the 4 planes of Estonian Air, already covering about 25 "regular destinations" per week (usually 1-2 times per week) will be much of a relief.
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