"I am doing contract work for air carriers,“ Taskila told the Finnish newspaper Taloussanomat. "In addition, I am giving lectures at a London university on aviation management and strategy."

Postimees reported last week that Taskila, who moved to Estonia with his family in 2011 when he took the Estonian Air position, plans to remain in the country.

In October, Estonian Air revealed a third quarter loss of 20 million euros. Taskila was dismissed on the same day. He received severance pay of almost 100,000 euros.

Last year, the national air carrier had a total loss of 17.3 million euros – the worst in the company's history.

Estonian Air's supervisory board resigned, although the economy minister has said he would prefer to re-hire the board's chairman, Erkki Raasuke, who had only held his position for a short time before stepping down. The new supervisory board will be determined in the coming days.

Jan Palmer has taken over as CEO, amidst Raasuke's announcement of plans to cut employees, flights and routes.