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Flybe Negotiating Over Possible Estonian Air Merger

Source: Photo: Reuters/Scanpix

British airline Flybe has confirmed that it has held talks with the Estonian government about a possible merger with Estonian Air.

No definitive decision has been reached nor a time frame set, reported Eesti Päevaleht.

Rasmus Ruuda, a spokesman for the Ministry of Economic Affairs, also said that talks have taken place, but disclosed no further information.

A merger with Flybe would be possible only if Estonian Air is allowed to go bankrupt first, the paper reported.

Estonia’s national carrier has been leaking funds and recently received 8.3 million euros in loans from the government, which has been searching for a long-term and profitable plan for the airline's future.

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