We advised LHV Varahaldus AS on the financial transaction where Nordica expanded its fleet

State-owned Estonian flag carrier airline Nordica is expanding its fleet with yet another Bombardier CRJ900 jet, the purchase and leasing to Nordica of which was financed by state-owned fleet owner Transpordi Varahaldus OÜ (TVH) issuing €10 million worth of bonds purchased in equal shares by LHV pension funds and LHV Bank.
 
LHV pension funds manager Romet Enok noted that their investment in TVH bonds offers a higher yield than can be found elsewhere on the international market under current conditions.
 
The new aircraft has already been employed in serving flights for the Scandinavian carrier SAS.
 
The financial transaction was advised by our Partner Ermo Kosk and Counsel Toomas Kasesalu.
 
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