Estonian Air sacks CEO, appoints Swede

Jan Palmer headed Denmark’s now-bankrupt Cimber Sterling

Estonian Air’s supervisory board has dismissed Tero Taskila as chief executive, appointing instead Jan Palmer in the midst of what will probably be the carrier’s worst-ever year. With more than 20 years’ experience in aviation, most recently Palmer headed the now-bankrupt Danish carrier Cimber Sterling.
At a press conference, Palmer said: “Estonia has a problem, but a lot of other airlines are also having problems in this environment today. It’s a very tough business. The situation in Estonia is not so different from some of the companies that I’ve been working for. I always believe it’s possible to solve it. I have been doing this kind of turnaround in companies for many years because part of the business in aviation is that it goes up and down all the time. I honestly believe it is possible to get it down to at least a break even situation.
Asked to specify the biggest mistake made by his predecessor, Palmer said: “In broad terms, to try to establish a hub and spoke system, a big network system, when you are very close to Riga, Helsinki, Stockholm and Copenhagen – it’s a tough mission because there is not enough food for everybody. And I think that is maybe the biggest problem why it has not materialised as they have tried to build up the system […] You won’t get enough passengers into the system. I think it’s very hard in Tallinn to do that.”
Estonian Air sacked Taskila, formerly CCO at the similarly troubled airBaltic, after reporting a nine-month loss of €20.2 million yesterday. Palmer starts his job today.
ERR

x

Check Also

airBaltic, Riga, Tallinn, Nordica, competition, airlines, Stockholm, Oslo, Copenhagen, flights, routes, Baltic, market, Nordic, Gatwick

airBaltic to fly to Stockholm, Oslo from Tallinn

Latvian carrier challenges Estonian rival as it continues its expansion in neighbouring markets.

airBaltic, pilots, recruit, open days, Stockhlm, Swedish, Vilnius, Amsterdam, Helsinki, 2018

airBaltic to try to recruit Nordic pilots

The Riga-based airline needs to recruit more than 100 pilots in 2018.

airBaltic, Riga, Tallinn, Nordica, competition, airlines, Stockholm, Oslo, Copenhagen, flights, routes, Baltic, market, Nordic, Gatwick

airBaltic: 99% of transfer passengers on time

New “tail-to-tail initiative” escorts passengers in transit

Vilnius set for hotel boom in 2018

Lithuania’s choice of rooms and meeting rooms to expand

airBaltic, football, World Cup, fly, cities, Russia, 2018, riga, Latvia, via, transit, connection

Baltic, Nordic airlines win on punctuality

SAS sixth among major carriers, airBaltic on top again globally

Moss, Rygge, airport, close, Norway, tax, government, Ryanair, low-cost, future, equity, Jotunfjell, liquidation, vipps

Oslo Rygge: life after death?

Oslo Rygge Airport is a success story with a tragic ending