Estonian national carrier announced yesterday that it had decided to close its hub in Vilnius in September and bring its Vilnius-based Boeing 737-500 back to Tallinn. 

“We are satisfied with the amount of passengers in Vilnius airport where we achieved more than a 10% market share. Despite high interest, both Vilnius routes are due to significantly increased fuel cost currently losing money, which we cannot accept. 1.5 years ago Lithuania’s aviation market was in a recession - it was wise to enter in a low competitive market, but as for today the competition in Vilnius airport has grown. Considering that the demand in Estonia has increased, it is unnecessary to keep the airplane in Vilnius,” said Rauno Parras, Vice President Commercial of Estonian Air.

The fleet of Estonian Air consists of eight aircraft: two Boeing 737-500, two Boeing 737-300 and two CRJ900 NextGen. Two Saab 340 type airplanes are operated by Estonian Air Regional. 

Source:
http://www.balticbusinessnews.com