Post by Humberside on Feb 13, 2013 19:36:58 GMT
British airline Flybe has confirmed that it has held talks with the Estonian government about a possible merger with Estonian Air.
No definitive decision has been reached nor a time frame set, reported Eesti Päevaleht.
Rasmus Ruuda, a spokesman for the Ministry of Economic Affairs, also said that talks have taken place, but disclosed no further information.
A merger with Flybe would be possible only if Estonian Air is allowed to go bankrupt first, the paper reported.
Estonia’s national carrier has been leaking funds and recently received 8.3 million euros in loans from the government, which has been searching for a long-term and profitable plan for the airline's future.
No definitive decision has been reached nor a time frame set, reported Eesti Päevaleht.
Rasmus Ruuda, a spokesman for the Ministry of Economic Affairs, also said that talks have taken place, but disclosed no further information.
A merger with Flybe would be possible only if Estonian Air is allowed to go bankrupt first, the paper reported.
Estonia’s national carrier has been leaking funds and recently received 8.3 million euros in loans from the government, which has been searching for a long-term and profitable plan for the airline's future.
news.err.ee/economy/9209e78b-3ea2-4419-ad6f-8e4ddaf273df
Could be a 'bolt onto' Flybe Nordic I guess, which initially did have a lot of Tallinn routes