{"id":17505,"date":"2021-01-05T12:39:29","date_gmt":"2021-01-05T12:39:29","guid":{"rendered":"http:\/\/triniti.eu\/insights\/nordica-acquired-full-ownership-of-xfly-from-polish-lot\/"},"modified":"2026-04-15T13:39:39","modified_gmt":"2026-04-15T13:39:39","slug":"nordica-acquired-full-ownership-of-xfly-from-polish-lot","status":"publish","type":"insights","link":"https:\/\/triniti.1kdigital.com\/lv\/insights\/nordica-acquired-full-ownership-of-xfly-from-polish-lot\/","title":{"rendered":"Nordica acquired full ownership of Xfly from Polish LOT"},"content":{"rendered":"\n<p class=\"intro-text\" style=\"line-height: 16.5pt; background: white; vertical-align: baseline; margin: 0cm 0cm 7.5pt 0cm;\"><span style=\"color: #444444;\">The Estonian national airline <strong><span style=\"color: #008cc8;\"><a style=\"color: #008cc8;\" href=\"https:\/\/www.nordica.ee\/en\/home\/\" target=\"_blank\" rel=\"noopener\">Nordic Aviation Group<\/a><\/span> <\/strong>(Nordica) and the Polish national carrier <strong><span style=\"color: #008cc8;\"><a style=\"color: #008cc8;\" href=\"https:\/\/www.lot.com\/ee\/en\/#\" target=\"_blank\" rel=\"noopener\">Polskie Linie Lotnicze LOT S.A<\/a> <\/span><\/strong>(LOT) reached an agreement to end their joint venture in <strong><span style=\"color: #008cc8;\"><a style=\"color: #008cc8;\" href=\"https:\/\/xfly.ee\/\" target=\"_blank\" rel=\"noopener\">Regional Jet O\u00dc<\/a><\/span><\/strong> (Xfly). Nordica purchased LOT\u2019s 49% share in Xfly, after which Nordica became <\/span><span style=\"color: black;\">its <\/span><span style=\"color: #444444;\">sole shareholder. TRINITI <a href=\"https:\/\/triniti.eu\/practice-areas\/transport-and-infrastructure\/\" target=\"_blank\" rel=\"noopener\"><b>transport &amp; infrastructure<\/b><\/a> legal team &#8211; partner <span style=\"color: #008cc8;\"><strong><a style=\"color: #008cc8;\" href=\"https:\/\/triniti.eu\/our-team\/tonis-tamme\/\" target=\"_blank\" rel=\"noopener\">T\u00f5nis Tamme<\/a><\/strong><\/span> and senior associate <strong><span style=\"color: #008cc8;\"><a style=\"color: #008cc8;\" href=\"https:\/\/triniti.eu\/our-team\/ain-kalme\/\" target=\"_blank\" rel=\"noopener\">Ain Kalme<\/a><\/span><\/strong>, advised Nordica in the contract negotiations and assisted with the closing of the transaction.<\/span><\/p>\r\n<p style=\"text-align: justify; line-height: 15.0pt; background: white; vertical-align: baseline; outline: 0px; box-sizing: border-box; background-position-x: 0px; background-position-y: 0px; margin: 0cm 0cm 10.5pt 0cm;\"><span style=\"color: #444444;\">Chairman of the Management Board of Nordica Erki Urva said that \u201cAlthough the negotiations went on for a very long time, I\u2019m really happy with the agreement we\u2019ve reached\u201d. \u201cIt\u2019s also important that in the \u2018breaking-up\u2019, as it were, we\u2019ve managed to stay friends, which ensures that our commercial cooperation will continue. All this means that Estonia\u2019s national airline is now the 100% owner of Xfly, which operates as a capacity provider, giving us the freedom to make quick decisions ourselves if we need to \u2013 which is vital considering how much the coronavirus crisis has shaken up the aviation market.\u201d<\/span><\/p>\r\n<p style=\"text-align: justify; line-height: 15.0pt; background: white; vertical-align: baseline; outline: 0px; box-sizing: border-box; background-position-x: 0px; background-position-y: 0px; margin: 0cm 0cm 10.5pt 0cm;\"><span style=\"color: #444444;\">Rafa\u0142 Milczarski, CEO &amp; President of the Management Board of LOT Polish Airlines added: \u201eI would like to thank Nordica for four years of mutually beneficial cooperation. In recent years, LOT has strengthened the offer of European connections from Tallinn and built high brand recognition of the Polish airline in the Baltic countries. During this time, LOT and Nordica crews made 63 658 flights together. As a result of the pandemic and significantly reduced demand for air connections, today we are completing this special journey. Bearing in mind the good relations between our companies, we will continue to cooperate on a commercial basis.\u201d<\/span><\/p>\r\n<p style=\"text-align: justify; line-height: 15.0pt; background: white; vertical-align: baseline; outline: 0px; box-sizing: border-box; background-position-x: 0px; background-position-y: 0px; margin: 0cm 0cm 10.5pt 0cm;\"><span style=\"color: #444444;\">Poland\u2019s national carrier LOT acquired a 49% share in Nordica\u2019s subsidiary Xfly in November 2016. The two airlines then started working together at a variety of levels, including sharing a ticket sales platform and operating flights, first between Tallinn and Warsaw and later on other routes. The Estonian and Polish carriers outsourced flight operation services from Xfly, which has since become the biggest Estonian airline. Both Nordica and LOT had big plans for Xfly, but the global pandemic saw the airlines\u2019 operations all but grind to a halt overnight and they were forced to focus instead on simply staying alive. While LOT and Nordica are continuing to cooperate commercially, the decision was taken to place Xfly in majority ownership to ensure the subsidiary\u2019s long-term future.<\/span><\/p>\n","protected":false},"featured_media":5422,"template":"","person_countries":[306],"people_industries":[582],"experience_practice_area":[316,583],"insight_category":[435],"class_list":["post-17505","insights","type-insights","status-publish","has-post-thumbnail","hentry","person_countries-igaunija","people_industries-aviacija-un-kugnieciba","experience_practice_area-korporativa-parvaldiba-komerctiesibas-uznemumu-apvienosanas-un-parnemsana","experience_practice_area-transports-un-infrastruktura","insight_category-jaunumi"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nordica acquired full ownership of Xfly from Polish LOT - TRINITI - Pan-Baltic Law Firm<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"lv_LV\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nordica acquired full ownership of Xfly from Polish LOT - TRINITI - Pan-Baltic Law Firm\" \/>\n<meta property=\"og:description\" content=\"The Estonian national airline Nordic Aviation Group (Nordica) and the Polish national carrier Polskie Linie Lotnicze LOT S.A (LOT) reached an agreement to end their joint venture in Regional Jet O\u00dc (Xfly). Nordica purchased LOT\u2019s 49% share in Xfly, after which Nordica became its sole shareholder. TRINITI transport &amp; infrastructure legal team &#8211; partner T\u00f5nis [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/triniti.1kdigital.com\/lv\/insights\/nordica-acquired-full-ownership-of-xfly-from-polish-lot\/\" \/>\n<meta property=\"og:site_name\" content=\"TRINITI - Pan-Baltic Law Firm\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-15T13:39:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/triniti.1kdigital.com\/wp-content\/uploads\/2021\/12\/Corporate-Commercial-MA01.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 min\u016btes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/triniti.1kdigital.com\\\/lv\\\/insights\\\/nordica-acquired-full-ownership-of-xfly-from-polish-lot\\\/\",\"url\":\"https:\\\/\\\/triniti.1kdigital.com\\\/lv\\\/insights\\\/nordica-acquired-full-ownership-of-xfly-from-polish-lot\\\/\",\"name\":\"Nordica acquired full ownership of Xfly from Polish LOT - TRINITI - Pan-Baltic Law Firm\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/triniti.1kdigital.com\\\/lv\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/triniti.1kdigital.com\\\/lv\\\/insights\\\/nordica-acquired-full-ownership-of-xfly-from-polish-lot\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/triniti.1kdigital.com\\\/lv\\\/insights\\\/nordica-acquired-full-ownership-of-xfly-from-polish-lot\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/triniti.1kdigital.com\\\/wp-content\\\/uploads\\\/2021\\\/12\\\/Corporate-Commercial-MA01.jpg\",\"datePublished\":\"2021-01-05T12:39:29+00:00\",\"dateModified\":\"2026-04-15T13:39:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/triniti.1kdigital.com\\\/lv\\\/insights\\\/nordica-acquired-full-ownership-of-xfly-from-polish-lot\\\/#breadcrumb\"},\"inLanguage\":\"lv-LV\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/triniti.1kdigital.com\\\/lv\\\/insights\\\/nordica-acquired-full-ownership-of-xfly-from-polish-lot\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"lv-LV\",\"@id\":\"https:\\\/\\\/triniti.1kdigital.com\\\/lv\\\/insights\\\/nordica-acquired-full-ownership-of-xfly-from-polish-lot\\\/#primaryimage\",\"url\":\"https:\\\/\\\/triniti.1kdigital.com\\\/wp-content\\\/uploads\\\/2021\\\/12\\\/Corporate-Commercial-MA01.jpg\",\"contentUrl\":\"https:\\\/\\\/triniti.1kdigital.com\\\/wp-content\\\/uploads\\\/2021\\\/12\\\/Corporate-Commercial-MA01.jpg\",\"width\":2000,\"height\":1500},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/triniti.1kdigital.com\\\/lv\\\/insights\\\/nordica-acquired-full-ownership-of-xfly-from-polish-lot\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/triniti.1kdigital.com\\\/lv\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nordica acquired full ownership of Xfly from Polish LOT\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/triniti.1kdigital.com\\\/lv\\\/#website\",\"url\":\"https:\\\/\\\/triniti.1kdigital.com\\\/lv\\\/\",\"name\":\"TRINITI - Pan-Baltic Law Firm\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/triniti.1kdigital.com\\\/lv\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/triniti.1kdigital.com\\\/lv\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"lv-LV\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/triniti.1kdigital.com\\\/lv\\\/#organization\",\"name\":\"TRINITI - Pan-Baltic Law Firm\",\"url\":\"https:\\\/\\\/triniti.1kdigital.com\\\/lv\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"lv-LV\",\"@id\":\"https:\\\/\\\/triniti.1kdigital.com\\\/lv\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/triniti.1kdigital.com\\\/wp-content\\\/uploads\\\/2021\\\/12\\\/triniti-logo-en.svg\",\"contentUrl\":\"https:\\\/\\\/triniti.1kdigital.com\\\/wp-content\\\/uploads\\\/2021\\\/12\\\/triniti-logo-en.svg\",\"caption\":\"TRINITI - Pan-Baltic Law Firm\"},\"image\":{\"@id\":\"https:\\\/\\\/triniti.1kdigital.com\\\/lv\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Nordica acquired full ownership of Xfly from Polish LOT - TRINITI - Pan-Baltic Law Firm","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"lv_LV","og_type":"article","og_title":"Nordica acquired full ownership of Xfly from Polish LOT - TRINITI - Pan-Baltic Law Firm","og_description":"The Estonian national airline Nordic Aviation Group (Nordica) and the Polish national carrier Polskie Linie Lotnicze LOT S.A (LOT) reached an agreement to end their joint venture in Regional Jet O\u00dc (Xfly). Nordica purchased LOT\u2019s 49% share in Xfly, after which Nordica became its sole shareholder. TRINITI transport &amp; infrastructure legal team &#8211; partner T\u00f5nis [&hellip;]","og_url":"https:\/\/triniti.1kdigital.com\/lv\/insights\/nordica-acquired-full-ownership-of-xfly-from-polish-lot\/","og_site_name":"TRINITI - Pan-Baltic Law Firm","article_modified_time":"2026-04-15T13:39:39+00:00","og_image":[{"width":2000,"height":1500,"url":"https:\/\/triniti.1kdigital.com\/wp-content\/uploads\/2021\/12\/Corporate-Commercial-MA01.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 min\u016btes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/triniti.1kdigital.com\/lv\/insights\/nordica-acquired-full-ownership-of-xfly-from-polish-lot\/","url":"https:\/\/triniti.1kdigital.com\/lv\/insights\/nordica-acquired-full-ownership-of-xfly-from-polish-lot\/","name":"Nordica acquired full ownership of Xfly from Polish LOT - TRINITI - Pan-Baltic Law Firm","isPartOf":{"@id":"https:\/\/triniti.1kdigital.com\/lv\/#website"},"primaryImageOfPage":{"@id":"https:\/\/triniti.1kdigital.com\/lv\/insights\/nordica-acquired-full-ownership-of-xfly-from-polish-lot\/#primaryimage"},"image":{"@id":"https:\/\/triniti.1kdigital.com\/lv\/insights\/nordica-acquired-full-ownership-of-xfly-from-polish-lot\/#primaryimage"},"thumbnailUrl":"https:\/\/triniti.1kdigital.com\/wp-content\/uploads\/2021\/12\/Corporate-Commercial-MA01.jpg","datePublished":"2021-01-05T12:39:29+00:00","dateModified":"2026-04-15T13:39:39+00:00","breadcrumb":{"@id":"https:\/\/triniti.1kdigital.com\/lv\/insights\/nordica-acquired-full-ownership-of-xfly-from-polish-lot\/#breadcrumb"},"inLanguage":"lv-LV","potentialAction":[{"@type":"ReadAction","target":["https:\/\/triniti.1kdigital.com\/lv\/insights\/nordica-acquired-full-ownership-of-xfly-from-polish-lot\/"]}]},{"@type":"ImageObject","inLanguage":"lv-LV","@id":"https:\/\/triniti.1kdigital.com\/lv\/insights\/nordica-acquired-full-ownership-of-xfly-from-polish-lot\/#primaryimage","url":"https:\/\/triniti.1kdigital.com\/wp-content\/uploads\/2021\/12\/Corporate-Commercial-MA01.jpg","contentUrl":"https:\/\/triniti.1kdigital.com\/wp-content\/uploads\/2021\/12\/Corporate-Commercial-MA01.jpg","width":2000,"height":1500},{"@type":"BreadcrumbList","@id":"https:\/\/triniti.1kdigital.com\/lv\/insights\/nordica-acquired-full-ownership-of-xfly-from-polish-lot\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/triniti.1kdigital.com\/lv\/"},{"@type":"ListItem","position":2,"name":"Nordica acquired full ownership of Xfly from Polish LOT"}]},{"@type":"WebSite","@id":"https:\/\/triniti.1kdigital.com\/lv\/#website","url":"https:\/\/triniti.1kdigital.com\/lv\/","name":"TRINITI - Pan-Baltic Law Firm","description":"","publisher":{"@id":"https:\/\/triniti.1kdigital.com\/lv\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/triniti.1kdigital.com\/lv\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"lv-LV"},{"@type":"Organization","@id":"https:\/\/triniti.1kdigital.com\/lv\/#organization","name":"TRINITI - Pan-Baltic Law Firm","url":"https:\/\/triniti.1kdigital.com\/lv\/","logo":{"@type":"ImageObject","inLanguage":"lv-LV","@id":"https:\/\/triniti.1kdigital.com\/lv\/#\/schema\/logo\/image\/","url":"https:\/\/triniti.1kdigital.com\/wp-content\/uploads\/2021\/12\/triniti-logo-en.svg","contentUrl":"https:\/\/triniti.1kdigital.com\/wp-content\/uploads\/2021\/12\/triniti-logo-en.svg","caption":"TRINITI - Pan-Baltic Law Firm"},"image":{"@id":"https:\/\/triniti.1kdigital.com\/lv\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/triniti.1kdigital.com\/lv\/wp-json\/wp\/v2\/insights\/17505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triniti.1kdigital.com\/lv\/wp-json\/wp\/v2\/insights"}],"about":[{"href":"https:\/\/triniti.1kdigital.com\/lv\/wp-json\/wp\/v2\/types\/insights"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triniti.1kdigital.com\/lv\/wp-json\/wp\/v2\/media\/5422"}],"wp:attachment":[{"href":"https:\/\/triniti.1kdigital.com\/lv\/wp-json\/wp\/v2\/media?parent=17505"}],"wp:term":[{"taxonomy":"person_countries","embeddable":true,"href":"https:\/\/triniti.1kdigital.com\/lv\/wp-json\/wp\/v2\/person_countries?post=17505"},{"taxonomy":"people_industries","embeddable":true,"href":"https:\/\/triniti.1kdigital.com\/lv\/wp-json\/wp\/v2\/people_industries?post=17505"},{"taxonomy":"experience_practice_area","embeddable":true,"href":"https:\/\/triniti.1kdigital.com\/lv\/wp-json\/wp\/v2\/experience_practice_area?post=17505"},{"taxonomy":"insight_category","embeddable":true,"href":"https:\/\/triniti.1kdigital.com\/lv\/wp-json\/wp\/v2\/insight_category?post=17505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}