The Estonian airline Nordica is caught in the crossfire of the justice system: the public prosecutor's office has opened criminal proceedings against several former executives to investigate possible criminal acts related to the airline's devastating finances. As the business newspaper Ärileht reports, the investigation is still in full swing. The proceedings, which were initiated on February 26, aim to find out whether there was a breach of trust, as confirmed by Daniel Toom of the District Prosecutor's Office for Economic Crimes and Corruption. In particular, investigators are interested in whether someone deliberately caused economic losses at the state-owned airline. At the time of the events in late 2022, Nordica's management consisted of Jan Palmér (CEO) and Eteri Harring (CFO), while a supervisory board, which included David James O'Brock-Kaljuvee (Chairman of the Supervisory Board), Priit Karjus, Camiel Eurlings, Kaupo Raag and Taivo Linnamägi, oversaw strategic decisions. The prosecutor's investigation followed an investigation by the Climate Ministry that showed that mismanagement was the main cause of Nordica's financial problems. Although this report was prepared by the consulting firm EY and the law firm Fort, the prosecutor's office said it lacked specific evidence of criminal wrongdoing. Nevertheless, the report convinced the Estonian government to put Nordica up for sale. In February, the government agreed to privatise Nordica. However, the sale process was temporarily suspended in April after the Climate Ministry stressed that negotiations with potential buyers had led to unsatisfactory financial offers that also contained inappropriate additional conditions. Nordica's future therefore remains uncertain. While the prosecutor's office continues its investigation and examines possible criminal consequences, the airline faces the challenge of