Estonian Air establishes subsidiary to conquer new markets (5)
Estonian Air has established the subsidiary Nordic Flyways which will provide flight capacity to other airlines in the nearest future.
"Global aviation is following a trend where long-haul flights of larger airlines are fed by regional airlines operating smaller-size aircraft," said Jan Palmér, the CEO of Estonian Air. "Estonian Air is looking for business possibilities in this area, and the subsidiary Nordic Flyways was established for that purpose."
Estonian Air has been cooperating with several airlines in Europe to offer available flight capacity.
"This kind of business model is widely used in the United States, but also in Central European and Nordic markets," Palmér explained. "We see a potential to grow as an airline outside Estonia by serving as a long-term partner on shorter routes for larger airlines for which we have a suitable fleet."
However, the airline will first have to apply for the required licenses and permissions to operate. According to Palmér, it might take several months before the subsidiary is ready to operate.
Estonia Air’s fleet consists of three 88-seater Bombardier CRJ900 and four 76-seater Embraer 170 aircraft.
Estonian Air is Estonia’s national carrier and the largest operator at Tallinn Airport. The airline flies regular routes to Stockholm (Arlanda and Bromma), Copenhagen, Amsterdam, Brussels, Oslo, Moscow, St Petersburg, Kiev, Vilnius and Trondheim. It also operates seasonal flights to Munich, Paris, Berlin, Nice, Vienna, Split and Milan.