ESTONIA, 1 NOV 2023: Estonian state-owned airline Nordica is bleeding cash. Despite a 30 percent revenue increase this year, the company reported a net loss of EUR 11.9 million in the first three quarters of 2023. Challenges include long maintenance downtime of its aircraft and lack of personnel. Nordica received six new aircraft: two ATR 72-600 and three Airbus A320s. Nordica’s fleet now comprises of nine ATR 72-600s, three Airbus A320s and nine Bombardier CRJ 900s.

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