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Estonian Air to Get Government Funds to Buy Bombardier Planes

Nov. 3 (Bloomberg) -- AS Estonian Air, the country’s national carrier, will receive 30 million euros ($41.3 million) this year and next to purchase five aircraft from Canada’s Bombardier Inc.

Three new CRJ-type airplanes will replace the company’s existing Boeing aircraft, the government in Tallinn said in an e-mailed statement today.

The airline, 90 percent owned by the government, wants to double its fleet in four years to 15 aircraft and increase the number of destinations to 30 cities from about 20, newspaper Eesti Paeevaleht reported on Aug. 26, citing Chief Executive Officer Tero Taskila. SAS AB, the Nordic region’s largest airline, owns the remaining 10 percent of the company.

To contact the reporter on this story: Ott Ummelas in Tallinn at oummelas@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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