NEWS

Transpordi Varahaldus OÜ joined Estonian Aviation Cluster

Estonian Aviation Cluster www.eac.ee is a non-profit association established in early 2019. It unites aviation-related Estonian undertakings and organisations and through cooperation, seeks involvement in creation of the national aviation strategy and also aims at increasing the attractiveness of Estonia …

TVH profits 3.6 million in 2018

According to the audited annual accounts of Transpordi Varahaldus OÜ for 2018 the company’s profit for the last financial year were 3.6 million euros at a turnover of 7.9 million euros. Compared to the previous financial year 2017 the company’s turnover increased 14% while its profit went up by 24%. The annual accounts of the company were audited by AS Deloitte Audit …

TVH acquired its seventh aircraft

As a result of a successful bond issue of 10 million euros OÜ Transpordi Varahaldus acquired an additional CRJ900 NextGen type aircraft, which was long-term leased to the Estonian national airline Nordica. In December 2018 Transpordi Varahaldus OÜ (TVH) issued securities amounting to 10 million euros with an 8-year maturity. Securities…

Results of 2017 approved by the sole shareholder

At the annual general meeting of shareholders of OÜ Transpordi Varahaldus (TVH) held on 30 May 2017, Mrs Kadri Simson, Estonian Minister of Economic Affairs and Infrastructure, approved the state-owned company’s second annual report, which indicates the company’s turnover for…

2.9 million profit for TVH in 2017

According to the audited results of the 2017 financial year of OÜ Transpordi Varahaldus (TVH) the profit for the 2017 financial year was 2.9 million euros at a turnover of 6.7 million. The annual report of the company was audited by AS Deloitte Audit Eesti. TVH is a state-owned private limited liability company founded on …

The first financial year for TVH ends in profit

At the May 25, 2017 annual general meeting of shareholders of OÜ Transpordi Varahaldus (TVH) Kadri Simson, Estonian Minister of Economic Affairs and Infrastructure, approved the state company’s first annual report, which indicates the Company’s turnover…

The largest commercial investment in Estonian aviation

As a result of successful issue of bonds of Transpordi Varahaldus (TVH), TVH is now to acquire two CRJ900 NextGen type aircraft which it will rent out long-term to Estonia’s national airline AS Nordic Aviation Group (Nordica). Half of the…

TVH aircraft to start flying Nordica routes

As a result of an international competition carried out by Lufthansa Consulting, OÜ Transpordi Varahaldus (TVH) is to rent three Bombardier CRJ-900NG passenger planes to Estonian airline AS Nordic Aviation Group (Nordica) for a duration of thirteen years. Ergo Blumfeldt,…

TVH acquired lease agreements for three aircraft

OÜ Transpordi Varahaldus, founded by the state, acquired for 31 million euros from EDC (Export Development Canada), a Canadian export agency, the lease agreements of three passenger planes previously used by Estonian Air. “These aircraft were built …