Estonian Air bankrupt


Moscow. December 29. The Harju County court of Estonia has recognized the national airline AS Estonian Air bankrupt.

To challenge the decision of the court of first instance in Tallinn circuit court within 15 days.

222 the creditor provided the requirements for Estonian Air in the amount of € 113,5 million. The property company is estimated at 11.4 million euros.

Previously the temporary Manager of Estonian Air Mr. Palits (Andrias Palmits) suggested that the creditors of the airline may be able to receive a maximum of 9 million euros.

Estonian Air was forced to stop the activity, as the European Commission found illegal and violating competition rules by providing it from Estonia to 2018-2014 year grants in the total amount of 130 million euros. EC November 7, demanded to return money, but these funds were not available, and the company on the same day ceased operations.