State-owned airline Nordica may be facing bankruptcy by year-end, according to European Commission documents obtained by ERR. The airline is in negative equity, part of a global trend for airlines in the wake of the coronavirus pandemic, and exacerbated by peculiarities of its leasing model – the carrier owns no planes of its own – competition from airBaltic and other airlines, and Tallinn Airport's small size and proximity to competing hubs such as Riga and Helsinki.
