Estonian Air has been formally declared bankrupt, following a European Commission (EC) decision that it received illegal government aid. The national carrier of Estonia closed its doors on Nov. 8, following the EC decision the previous day. This made it liable to repay €85 million ($92 million) it had received in state aid. The state-owned airline had a small fleet of three Bombardier CRJ900s, two CRJ700s and a single Embraer E170, which had been due to leave the fleet in ...

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