Estonia-owned Nordica and Xfly to file for bankruptcy after no investor found
Aerotime
NOVEMBER 20, 2024
The Republic of Estonia-owned Nordic Aviation Group AS (Nordica) and Regional Jet OÜ (Xfly) will cease operations after it was announced the companies will be filed for bankruptcy. It had been hoped that Lars Thuesen, the owner of Jettime, could potentially take the companies private but on November 18, 2024, Nordic Aviation Group, which runs Nordica and Xfly, were informed that he would not be investing. “Nordic Aviation Group and Xfly have gone through a challenging path over the past
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