Slide TRANSPORDI VARAHALDUS Finance and management of investments into transportation assets


OÜ Transpordi Varahaldus (hereinafter “TVH” or “Company”) is a state-owned business entity founded on September 30, 2015 by the Republic of Estonia as a sole shareholder with the objective of operating as an investment firm financing and managing fixed assets in the field of transport (including acquisition and lease). The Company was entered into the commercial register on October 10, 2015.


The Company’s fleet consists of seven Bombardier CRJ900NG type jet engine powered passenger aircraft (manufacturer´s serial numbers: MSN 15261, MSN 15262, MSN 15276, MSN 15277, MSN 15211, MSN 15250 and MSN 15206).

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TVH acquires two vintage GE engines

Transpordi Varahaldus acquired two second-hand aircraft engines for more efficient operation of the company’s fleet of CRJ900 NextGen aircraft.
The Estonian government-owned Transpordi Varahaldus OÜ (TVH) has acquired two aftermarket CF34-8C5A1 jet engines manufactured by General Electric in order …

TVH 2021 financial results in profit of EUR 2.7 million

On April 22nd, 2022 the annual general meeting of shareholders of OÜ Transpordi Varahaldus (TVH) – the Minister of Economic Affairs and Infrastructure Taavi Aas, as the representative of the sole shareholder – the Republic of Estonia, approved the company’s annual report for the financial year 2021, recording …

TVH Bonds Refinanced by LHV Bank

Seven Bombardier CRJ900 type aircraft owned by Transpordi Varahaldus OÜ (TVH) are now fully financed by LHV Pank, while Estonia’s national airline Nordica continues as their lessee. Government-owned TVH refinanced its previously issued bonds with a 23 million euro loan from an Estonian LHV Pank. In 2017 and 2018, TVH issued bonds with a 23 million euro …