Air Transport World

Estonian Air.(Europe)(Brief Article)

Small, well-managed Estonian Air operates only five aircraft but makes money. It doubled net earnings in 2003 on a 3.6% increase in revenues as operating profits rose 24% to 7.3 million kroons ($585,700). Nonrecurring items, specifically accrued unused Fokker maintenance reserves carried as income after phasing out the F50, helped to boost net profits. …

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