Estonian Air Navigation Services (EANS) develops cross-border services with loan support
Ellex in Estonia provided legal advisory to Estonian Air Navigation Services (EANS) throughout the process of securing a EUR 13 million loan with Nordic Investment Bank (NIB). This financial arrangement will support EANS’ investment program spanning from 2022 to 2025.
The programme includes upgrades to air traffic management systems, IT development, remote air control towers, communication systems and other advancements to improve the efficiency of air navigation services.
“The past two years have been challenging. To meet the demand for providing air navigation services in the most efficient, safe and sustainable way, we need capital and smart investments towards the future,” says Ivar Värk, CEO of EANS.
“Investments in air navigation systems are essential for safe and efficient transportation. As the number of flights is expected to grow, merging the airspace between Estonia and Finland not only helps to accommodate the demand but can also reduce the burden on the environment,” says Gunnar Okk, Vice-President and COO at NIB.
Moreover, the investments in digitalisation of Estonian regional airports in Tartu, Kuressaare, Pärnu and Kärdla, will enable EANS to provide air traffic services at several airports simultaneously from a single center, ensuring a safe and high-quality service regardless of weather conditions.
Estonian Air Navigation Services (EANS) is a state-owned public limited company under the supervision of the Ministry of Economic Affairs and Communications. EANS provide safe and efficient air navigation services together with air traffic management for both manned and unmanned air-vehicles.
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