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Information on Estonian Air
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Estonian Air
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http://www.estonian-air.ee/
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The Estonian national airline Estonian Air was established as a state company on December 1, 1991, immediately after the re-establishment of Estonian independence. In 1996, the Estonian government decided to privatize the airline, and 66% of the shares were offered for sale. The Danish airline Maersk Air, together with the Estonian investment bankers, Cresco Ltd ., won the privatization tender, and as a result the Estonian state now owns 34% of the shares, Cresco Ltd. owns 17%, and Maersk Air owns 49%.
In September year 2003 SAS AB signed an agreement with Danish Maersk Air A/S to acquire 49% of the shares in the Estonian airline Estonian Air. More information about Estonian Air
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