Baltic NEWS in UK » Cresco http://www.balticnews.co.uk The Latest News from and around the Baltic Region brought to the UK to bring awareness and encourage International Business Development, Investment & Trade. Tue, 18 Nov 2014 09:29:42 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 Estonian Air fly’s higher in May 2010 http://www.balticnews.co.uk/estonian-air-fly%e2%80%99s-higher-in-may-2010/11205 http://www.balticnews.co.uk/estonian-air-fly%e2%80%99s-higher-in-may-2010/11205#comments Mon, 28 Jun 2010 17:37:03 +0000 Joanna - Baltic NEWS in UK http://www.balticnews.co.uk/?p=205 Travelling by the Estonian Airline giant Estonian Air increased over 2010 May. This is great news for the economy and the people. Over 50,000 passengers were carried during the month May which is an increase of over five percent.

Estonian Air has an excellent sense of time keeping being ninety-seven percent; this is a very good example set by the Airline and one most should follow. The Airline is owned by the state of Estonia, Cresco (the investment bank) and the SAS Group, this type of split generally gives organisations a good stability in the economy allowing them to drive forward even when there is tough time ahead.

One of the key features of Estonian Air is its Corporate Programme allowing organisations to be more expenditure efficient when travelling on business where they promote a smooth and comfortable journey. Additional features are their fixed fares and flexible flying terms with a constant update to their Clients.

]]> http://www.balticnews.co.uk/estonian-air-fly%e2%80%99s-higher-in-may-2010/11205/feed 0 Up-to 400 Million Kroons is possibly invested into the Estonia Air depending on Business Plan http://www.balticnews.co.uk/up-to-400-million-kroons-is-possibly-invested-into-the-estonia-air-depending-on-business-plan/111 http://www.balticnews.co.uk/up-to-400-million-kroons-is-possibly-invested-into-the-estonia-air-depending-on-business-plan/111#comments Mon, 03 May 2010 19:30:14 +0000 Saleem - Baltic NEWS in UK http://www.balticnews.co.uk/?p=1 Andrus Ansip the prime minster of Estonia has indicated on an investment into the Estonia Air Company but depending on the business plan, the amount if of between 200 and 400 Million Kroons. This investment would be huge for the Baltic Estonia country and the people, optimistically creating many jobs for all (note: 10 Kroons is equal to about 54p).

Ansip said ”Maximum amount would include the use of Bombardier aircraft, but these decisions will be up to the general meeting of shareholders. Estonian government as a minority holder cannot make these decisions for other shareholders,”. The Bombardier Aircraft mainly a business orientated aircraft.

This could potentially increase flights between Estonia and UK that would ultimately increase trade, business and happenings around Europe. More ideas could be exchanged, increasing creativity and innovation across Europe.

Estonia state would expect to increase its stake from 34% to 66%, Cresco the investment bank would reduce to 0% from 17% and the SAS Airline who currently is the owner of 49% would go to a 34%.

It is vital to get the business plan right without that everyone operates at a high risk with no real direction and integrity.

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