NEWS

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 …

TVH 2020 financial year operating profit 1.83 million

According to the audited financial results for 2020 the operating profit of OÜ Transpordi Varahaldus (TVH) was 1.84 million euros at a 9.38 million euro annual turnover. According to the member of the management board Ergo Blumfeldt, the last financial year was the most complicated in commercial aviation …

New members of the supervisory board: Ave Henberg and Raoul Lättemäe

On May 4th, 2021 the minister for economy and infrastructure, acting as the representative of the sole shareholder of Transpordi Varahaldus OÜ, recalled Katrin Andre ja Kaupo Raag from the supervisory board of the company and appointed two new members.

TVH 2019 financial year net profit 3.2 million

According to the audited financial results for 2019, the annual turnover of OÜ Transpordi Varahaldus (TVH) was 9.1 million euros and net profit was 3.2 million. Minister of economic affairs and infrastructure who exercises the rights of the sole shareholder of TVH approved the annual report which was audited by …

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 …