Minister of Economic Affairs and Communications Taavi Aas (Center) confirmed that state airline Nordica s acquisition of subsidiary Xfly came at no cost to the taxpayer. Aas added that if Nordica acts reasonably going forward, the state does not have to support the company any more.
At the end of 2020, Nordica signed a deal with Polish airline LOT, buying out LOT s minority stake in the joint venture of Xfly (formerly Regional Jet). The Polish leaving the deal was a precondition for the Estonian state allocating €22 million into Nordica s stock capital to alleviate coronavirus damages.
Minister of Finance Martin Helme (EKRE) said the companies cooperated in netting claims and according to the deal, LOT was to pay €1.7 million, but it is not known if the Polish airline did so.