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Estonia’s Nordic Aviation Group to File for Bankruptcy

Summary by AviationSource
Estonia’s Nordic Aviation Group (NAG) announced its decision to cease operations and file for bankruptcy on Monday, 18 November 2024. This development comes after months of intensive restructuring and a failed privatization attempt that ultimately sealed the airline’s fate. Nordic Aviation Group is an Estonian airline group operating two airlines, Nordica and Xfly. It was owned by the Government of Estonia and served as the flag carrier of the c…
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