[1] On 13 December 2022, Attestor Capital, the owner of a 51% stake in German leisure airline Condor, announced the incorporation of an Estonia-registered carrier, with operations starting in the 2023 summer season, utilising Airbus A320neo aircraft chartered from Nordica.
The carrier is fully owned by German-based special purpose vehicle CD Ferienflug Hessen Holding GmbH.
[2] Nordic Aviation Group, the parent company of Nordica, had previously disclosed their role in setting up an Estonian AOC for an unidentified customer, to start operations in Spring 2023.
On 6 April 2023, Xfly, part of Nordic Aviation Group, published a video on their YouTube channel announcing that this process had been completed.
The airline stated technical issues with leased aircraft and missing cabin crew as a cause and planned to phase-in additional third-party operators to stabilize the schedule.