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Estonian Air sells profit-making subsidiary

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Sale is “next step of the restructuring process”

Loss-making airline Estonian Air has sold its 60% stake in its profit-making subsidiary Amadeus Estonia to the GDS’s home company Amadeus IT Group SA. Most of the rest of the shares (35%) remain in the hands of Amadeus Finland OY.

Jan Palmér, Estonian Air’s chief executive, explained: “The sale of our share in Amadeus Estonia is the next step of the restructuring process, whereby we have decided to divest our non-core assets and shares that are not directly related to our core business.”

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