The government of Estonia approves Estonian Air’s new strategy, will re-enter markets and retire the Boeings

Estonian Air Boeing 737-5L9 ES-ABI (msn 29234) CDG (Christian Volpati), originally uploaded by Airliners Gallery.

Estonian Air (Tallinn) will receive $30 million Euros in investments from the government of Estonia. The government has also approved the flag carrier’s strategy to return to profitability.

Estonian Air is owned by the Estonian government (90%) and the SAS Group (10%). The SAS Group previously held 49% of the stock.

The company will receive four additional Bombardier CRJ900s which will allow the airline to retire the last Boeing 737 in 2012.

Estonian Air has also announced it will relaunch routes to Riga and Helsinki and increases the flight frequencies to nearby markets like Stockholm, St. Petersburg and Vilnius as part of its new strategy.

On March 25, 2012, Estonian Air will reopen flights between Tallinn and Riga with 17 weekly fights. Estonian Air will serve the route with three daily flights on Mondays, Tuesdays, Wednesdays, Thursdays and Fridays, and with daily flight on Saturdays and Sundays.

Starting on March 26, 2012, Estonian Air will reopen flights between Tallinn and Helsinki with 18 weekly fights. Estonian Air will serve the route with three daily flights on Mondays, Tuesdays, Wednesdays, Thursdays and Fridays, with daily flights on Saturdays and double daily flights on Sundays.

From March 25, 2012, Estonian Air will increase the frequencies on the Tallinn-Stockholm route up to 30 weekly flights.

From March 26, 2012, Estonian Air will increase the frequencies on the Tallinn-St. Petersburg route up to 12 weekly flights.

Finally on March 25, 2012, Estonian Air will increase the flight frequencies on the Tallinn-Vilnius route up to 17 weekly flights.

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