Citing unsatisfactory offers, Estonia’s minister of climate change, Kristen Michal, has proposed the government suspend the sale of Nordic Aviation Group (NAG), the parent of state-owned Nordica (ND, Tallinn Lennart Meri).

He told Estonia’s Cabinet on April 11 that negotiations with two companies submitting binding purchase offers had been put on hold because their bids fell short financially and included unsuitable additional terms. Moreover, one of the bidders failed to furnish adequate information regarding the source of the…

Source: ch aviation
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