LOT to acquire stake in NAG subsidiary Regional Jet

Nordic Aviation Group, Estonia’s state-owned airline operating under the Nordica brand, has filed an application with the regulator for permission to hand over 49% of its stake in its subsidiary Regional Jet to its strategic partner, LOT. The parties filed a notice of consolidation Dec 30. Nordica announced at the beginning of Nov 2016 that its cooperation with Adria Airways was coming to an end, and that it was about to enter into a strategic partnership with LOT, using the latter’s commercial platform, ticketing system, and airline code. The carrier said at the time that it was planning to expand the fleet of its subsidiary Regional Jet by 3 planes during 2017 and eventually to 20 to 25 planes by 2020 in cooperation with its new partner. <br/>