Major Assignments - Shipping & Aviation

LOT acquired share in Regional Jet OÜ

LOT Polish Airlines acquired 49% of the share capital of Regional Jet Ltd, until now entirely owned by the Estonian national carrier AS Nordic Aviation Group which operates under the NORDICA brand. TRINITI legal team advised Nordica in the share sales and shareholder agreements negotiation, merger control procedures and closing of the transaction.

Incorporation of Nordic Flyways

TRINITI assisted the Estonian flag carrier – AS Estonian Air to set up a new subsidiary named AS Nordic Flyways, which will provide shorter European routes for larger airlines using the available flight capacity of Estonian Air

Legislative Framework for Riga International Airport

TRINITI performed the assessment of the legislative framework required for the development of the international airport in the Latvian capital Riga. A concept was developed for the acquisition of territories required for the further prospective development of the airport, and the legislative acts required for implementation of the concept were drafted. The planned investment totalled 250 M EUR

Construction of a multi-purpose vessel for the Estonian Border Guard

TRINITI advised the Estonian Ministry of the Interior and the Police and Border Guard Administration in legal matters related to the construction and delivery of a new multi-purpose pollution abatement vessel by a Finnish shipyard Uudenkaupungin Työvene OY. The vessel PVL-101, named “Kindral Kurvits” after one of the founders of the Estonian Border Guard, is 63.6 m long and has patrol, SAR, fire fighting, icebreaking and pollution abatement capabilities at a cost of 34 M EUR co-financed by the European Regional Development Fund

Legal advises Polish national airline LOT

TRINITI offices in Estonia, Latvia and Lithuania provided legal advice to the Polish national airline Polskie Linie Lotnicze S.A. concerning the review of constraints on surcharges and related legal matters

Estonian Air Regional purchased by Fortaero

TRINITI advised the Estonian national airline – AS Estonian Air, in the sale of its 100% subsidiary AS Estonian Air Regional to a Russian aviation group company Fortaero BBAA OÜ. Estonian Air Regional, formerly operating regular passenger flights to Helsinki, St Petersburg, Tartu and Kuressaare, was sold in the course of the restructuring of Estonian Air

Strategic acquisition in aviation – Republic of Estonia acquires national air carrier

TRINITI advised the Estonian government in the strategic acquisition of 90% of the shares in the national air carrier – AS Estonian Air from the Scandinavian Airline Systems (SAS). The Estonian Republic and SAS recapitalized the company with ~20 M EUR. Our lawyers carried out the legal due diligence review of the airline, assisted in the share capital increase and advised in the negotiations of the new shareholders’ agreement