Boarding.no : Estonian Air focuses on developing its core business

The strategy foresees restructuring of the company and discontinuing the uneconomical side activities in order to increase the company"s flexibility and adjust to the changes in the aviation market. Estonian Air Bombardier CRJ 900. According to the strategy and restructuring plan approved by Estonian Air"s Supervisory Board, Estonian Air will close its Ground Handling Division on 4 May 2009.

After this date ground handling services will be provided to Estonian Air by a specialized company. As a result of the decision, nearly 120 employees of the division will be laid off. The company will offer all-round support and assistance to the laid-off employees. Andrus Aljas (estonian air) - The continuing drop in passenger numbers and several airlines leaving Tallinn Airport have considerably reduced the volume of our ground handling services.

In the present economic situation it is therefore reasonable to focus on our core business and to outsource rest of the services," said Andrus Aljas, Estonian Air President and CEO. The aim of the restructuring plan approved by the supervisory board and the shareholders is to bring the company over the profit threshold despite the continuing decline of the market. In late spring Estonian Air will upgrade its fleet with three new 88-seater CRJ900 NextGen aircraft.

Source http://boarding.no/art.asp

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