Estonian Air will cut down the number of employes from 318 to 172.
100 Cabin Crew and pilots will have to leave the company.
The fleet will be reduced from 10 aircraft to 5. The airline will stop flying to a number of destinations, Finnish radio YLE reports. 20 destinations will become 9 or 10.
Estonian Air's flight to the destinations in Finland, Helsinki, Jyväskylä and Joensuu will be dropped in December to January. The route to Vienna is also cancelled. Plans to open routes to Hannover, London, Gothenburg and Tbilisi are postponed.
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