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Founded | 1991 | ||||||
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Ceased operations | 8 November 2015 | ||||||
Hubs | Tallinn Airport | ||||||
Frequent-flyer program | EuroBonus | ||||||
Subsidiaries |
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Fleet size | 0 | ||||||
Destinations | 0 | ||||||
Parent company |
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Headquarters | Lennujaama tee 13, 11101 Tallinn, Estonia |
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Key people | Jan Palmér, CEO | ||||||
Revenue | €69.9 million (2014) | ||||||
Profit | €−10.4 million (2014) | ||||||
Website | estonian-air.com |
Estonian Air was the flag carrier airline of Estonia between 1991 and 2015. Headquartered in Tallinn it operated scheduled services from Tallinn Airport. Prior to its closure, the airline flew from Tallinn to 11 destinations in Europe.
From 1991 to 1996 and since 2010 Estonian Air was owned by the Estonian government. In 2010 the Estonian government had purchased the company back from SAS Group to ensure it did not go bankrupt. On 7 November 2015 the European Commission ruled that the government funding given to the company had been in breach of the European Union regulations and must be paid back. Estonian Air, not having such funds, ceased all its operations the next day and immediately entered the process of liquidation. A new state-owned airline, Nordica, entered operations the same day.
The airline was established by the Estonian government with aircraft acquired from the defunct local Aeroflot Division.
In 1992, the airline became a member of IATA and the first Boeing 737–500 was delivered in 1995. The company was partially privatised in 1996 with 66% of shares to Maersk Air (49%) and Cresco investment bank (17%). The company leased two Boeing 737-500s to replace its old Soviet planes, and in 1996, after obtaining two more Fokker 50s, it was able to retire the Soviet fleet entirely.
In 2003, Maersk Air sold its shares to SAS and the Fokker 50s were retired. By 2004 the airline had carried its 500,000th passenger.
In March 2007, Estonian Air announced that they will lease another Boeing 737–500 and serve a new destination, Vienna. Estonian Air has leased two Saab 340s and in June 2008 Estonian Air established a new company, Estonian Air Regional. Under that name it added new destinations from Tallinn to Kuressaare, , Helsinki and Vilnius. Later on to Saint Petersburg and to Minsk.