airBaltic has begun an extensive recruitment campaign as it continues expanding operations across the Baltic region. The airline is opening up to 200 Junior Cabin Crew positions for its bases in Riga, Tallinn, and Vilnius, targeting candidates who wish to begin a career in aviation ahead of the 2026 summer season.
airBaltic, the Latvian national airline, has officially launched a new direct route between Tallinn and Madeira, Portugal. The new connection will operate once weekly on Sundays through March 28, 2026, offering Estonian travelers direct access to one of Europe’s most scenic island destinations for the first time.
Magnetic Leasing, based in Estonia, has finalized the sale of an Airbus A321, bearing serial number 1734, to GA Telesis, a U.S.-based aviation aftermarket specialist. The aircraft has since been disassembled for used serviceable material (USM) inventory, supporting GA Telesis’s global component distribution network.
Magnetic Group, an Estonian aviation services provider, has released a forecast projecting that hospital shop visits for CFM56 engines will reach parity with core performance restoration (CPR) events by the end of 2027. The shift reflects changing maintenance patterns and aging fleet dynamics within the global narrowbody engine market.
Transpordi Varahaldus (TVH), the Estonian government-owned aircraft lessor, has signed an agreement to sell seven Bombardier CRJ900NG aircraft to EIC Aircraft Leasing, a subsidiary of Regional One (US). The transaction, valued at US$37.5 million, represents a significant portfolio reshaping for the state-owned entity.
Nordica (Estonia) has announced an extension to the finalization deadline of a previously signed aircraft sales agreement, pushing the end date to late June 2025. This extension underscores the complexities of aircraft transactions, where thorough technical evaluations and administrative hurdles can often lead to delays.
Estonia has reported delays in its efforts to sell several CRJ900 aircraft formerly operated by Nordica, the state-owned airline, and owned by Transpordi Varahaldus, a public asset management entity. The sale discussions, initially slated for earlier completion, are now expected to extend into June 2024.
EngineStands24, a company based in Estonia specializing in the leasing of engine stands for aviation MRO operations, has officially rebranded as Magnetic Enginestands. The move aligns the business more closely with its parent company, Magnetic Group, which operates a wide portfolio of aviation services.
Nordica, Estonia’s former national airline, and the Estonian government have received a bid for the bankrupt carrier’s fleet of seven CRJ900s, marking a significant step toward asset liquidation. The agreement is expected to be signed in the first half of March 2025, with the buyer yet to be publicly identified.
A special audit into the bankruptcy of Nordica (Estonia) has uncovered governance failures, citing shortcomings in both the management and supervisory boards that contributed to the airline’s financial collapse. The findings highlight internal mismanagement as a key factor in the carrier’s downfall.
