bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Wednesday 20.06.2018 | Name days: Rasa, Rasma, Maira
EstoniaEstonia

Estonian Air losses reach 11 million euros

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

The loss of Estonia’s national carrier Estonian Air reached 10-11 million euros in the first half of the year as the new business model has not started working successfully.

Last week the company said that it will reduce the number of office staff and flight connections but has refused to reveal its loss figures, Eesti äevaleht writes.

A former council member of Estonian Air said that the new business model has not started working and thus the state should decided if the carrier should produce profits or fly to major destinations since both options are not possible with the company’s size, the location and population figure of the state.

The company’s manager Tero Taskila said that Estonian Air reveals its audited financial results once a year after the supervisory council has approved of them.

“It is important to understand what the possibilities and difficulties are to preserve direct flight connections. Estonian Air is going through a transition period now to secure its future which means major investments. Implementing the new strategy is under way and the new business model is stabilising,” said Taskila.

Ref. 110.110.110.1386


Leave a reply

  1. ABF says:

    For air Baltic 77 million lats loss in 2011.

Latvian minister confirms interrogation by Lithuanian investigators

In the case regarding possible corruption in the National Blood Centre, Lithuanian services have interrogated Latvia’s Healthcare Minister Anda Čakša, as confirmed by the official.

Recreational use of marijuana legalised in Canada

Canadian Parliament has adopted a law legalising the recreational use of marijuana nationwide after medical use of the drug has been allowed since 2001. Canada is to become the second country in the world allow buying marijuana for recreational use.

Human Rights Committee: KGB documents should be made publicly accessible

Documents left from Latvian SSR KGB office are part of national document heritage and therefore should be handed over for lifetime storage and be made publicly accessible for research in Latvia’s National Archive.

Non-negotiated contracts; fictive deals: digital television introduction schemes for «mere mortals»

The criminal process revolving around digital television project’s realization in Latvia was launched 15 years ago – in 2003. And it began with a search in a company owned by Andris Šķēle. After that, the list of involved people started expanding with names like Andrejs Ēķis, Jurģis Liepnieks and others.

Doctors unjustifiably charged fees for services worth 255,000 last year

Last year, authorities found that medical institutions that provide state budget-financed healthcare services had charged fees for services worth EUR 254,994, according to data compiled by Health Inspectorate.

Budget Committee picks Swedbank economist for Bank of Latvia Council

On Tuesday, 19 June, Saeima’s Budget and Finance Committee unanimously decided to submit to the Saeima a decision project regarding approval of Mārtiņš Kazāks for the post of member of the council of the Bank of Latvia, as confirmed by Saeima’s press-service.

Farmers Saeima proposes declaring state of emergency in Latvia’s agriculture sector

Farmers Saeima association has sent a letter to Latvia’s State Chancellery, Agriculture Ministry, Finance Ministry and Latvian Association of Local and Regional Governments, detailing a request addressed to the Cabinet of Ministers and Saeima to declare a state of emergency in the country’s agriculture sector because of the lasting drought.

IT specialist’s lawyers appeal client's arrest in recent restaurant case

Lawyers of Edgars Štrombergs, who is the accused party in the Vairāk saules restaurant cash register data manipulation case, have appealed the security measure applied to him, as confirmed by sworn attorney Mareks Halturins.

Russian and Belarusian arms control experts hosted by Lithuania

Russian and Belarusian arms control inspectors have been hosted by Lithuania as NATO forces trained across the Baltic states and Poland in exercise Saber Strike 2018.

Latvia’s ports suffer freight volume decline in first five months of 2018

Latvian ports handled 27.072 million tonnes of freight in the first five months of this year, which is 7.5% less when compared to the same period of last year, according to data compiled by Transport Ministry.

Bicycle rickshaws in Tallinn will need safety belts from July

Seeking to regulate the provision of bicycle rickshaw services in the Estonian capital, the Tallinn City Council has is to more particular bicycle rickshaw regulations that would align the services closer to car taxis.

158 election sites to open in Riga during next Saeima elections

A total of 158 election sites are planned to be opened in Riga for this autumn’s Saeima elections, as confirmed by documents prepared by Riga City Council.

30% of Latvian residents are dissatisfied with their family’s financial state

Residents’ overall mood has declined considerably across all survey positions. Residents have become the most negative about Latvia’s economic situation – 31% of them believe it has worsened. When asked to voice their outlooks for Latvia’s economy in a year from now, 17% of respondents said it will have improved, according to results of Baltic International Bank’s latest Latvian Barometer.

Apple fined 5 million euros for customer rights violations in Australia

A court in Australia has ruled that U.S. tech firm Apple has to pay a fine of 5.7 million euros refusing to repair iPhones and iPads that had been serviced by third parties as those actions breached consumer law.

Latvian coalition still torn about attracting highly-qualified guest workers

Because of differences in opinions among ministries, Latvia’s government is unlikely to support and view the proposal to ease the issue of EU blue card to highly-qualified guest workers without appropriate higher education, says Prime Minister Māris Kučinskis.

Corruption watchdog requests criminal prosecution of Bank of Latvia head

Latvia’s Corruption Prevention and Combating Bureau has sent materials of a criminal case to the prosecutor’s office with a request to commence criminal prosecution of Bank of Latvia governor Ilmārs Rimšēvičs and businessman Māris Martinsons.

Riga City Council votes to add Vidzeme market to Riga Central Market’s capital

Riga City Council’s City Property Development Committee has voted in favour of adding Vidzeme Market to AS Riga Central Market’s capital. Opposition members voted against this during the meeting.

Police dismantle criminal group specialising in storage and transportation of excise goods

Officers of Latvia’s State Revenue Service discovered a suspicious shipment during a routine inspection of a vehicle at Riga Passenger Port. With help from State Police, officers found more than 2.3 million illegal cigarettes and 960 litres of spirit, as confirmed by police.

airBaltic receives its ninth Bombardier CS300 aircraft

On 17 June, Latvia’s airBaltic airline received its ninth Bombardier CS300 aircraft. The airline plans to expand its existing aircraft fleet with 14 CS300 aircraft before the end of the year.

Employment agency invites employers to apply for new job support programme

Employers will be able to apply for participation in a programme of the European Social Fund to help create subsidized jobs for unemployed people. Eighteen offices of Latvia’s State Employment Agency will be offering registration until 27 June.

Programme: government continues working on MPC plan’s cancellation

The disproportionate mandatory procurement component costs have become one of the biggest political scandals in Latvia since autumn last year. Attempts to put an end to the MPC system are continuing alongside the search of those responsible for the dysfunctional system. The government’s work group say it is impossible to completely cancel the system, as reported by Nekā Personīga programme.

De Facto: ABLV Bank’s self-liquidation – controlled or not so much?

«Controlled self-liquidation» – this is the undefined procedure Finance and Capital Market Commission has picked for ABLV Bank. This decision came after three months of document assessment, discussions with politicians and active media campaigns, as noted by De Facto journalists.

Latvia police investigate link between murdered insolvency administrator and missing businessman

Latvia’s State Police have begun an investigation of a possible link between the murdered insolvency administrator Mārtiņš Bunkus and the missing businessman Andris Bojārs, as confirmed by police representative Ilze Jurēvica.

Hundreds of migrants rejected in Italy allowed to leave ships in Spain

Migrants taken on rescue ships in the Mediterranean Sea and turned away by Italy and Malta have arrived in Spain's port of Valencia as three ships arrived in the harbour, including the Aquarius, which rescued the 630 migrants the week before.

Monday expected to be exceptionally hot in Latvia

Cool masses of air will flow into Latvia at the beginning of the week. Wind speed will increase as well. Several rain-cloud zones will pass through the country. Monday is expected to be the hottest day of this week in Latvia, as air temperature will likely reach +23° C… +26° C in most of the country. South-east regions of Latvia may even experience air temperature of +29° C.