Estonia’s Nordic Aviation Group (Nordica) has posted a €5.4 million ($6.1 million) full-year loss, just days after announcing a retraction from its Tallinn home market, where Latvian rival airBaltic is poised for expansion. Nordica was established by the Estonian government in September 2015, as the successor to Estonian Air. While Nordica remains fully state-owned, LOT Polish Airlines owns 49% of Nordica’s Tallinn-based operating airline subsidiary, Regional Jet, which ...

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