LOT formally ends Nordica-Xfly partnership, cuts 300 jobs

The estonian government has confirmed that it’s going to inject eur22 million euros (usd27 million) into the percentage capital of flag service nordica (nd, tallinn lennart meri) and could moreover transfer a loan of eur8 million (usd10 million), financial system minister taavi aas discovered at a press convention. Aas stated he had acquired authorisation from the authorities to provide the covid-fighting country useful resource, which already has the blessing of the eu fee. The bundle will be formalised once discussions on acquiring lot polish airways’ forty nine% stake in nordica’s acmi/constitution subsidiary xfly (ee, tallinn lennart meri) have concluded.

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