LV: airBaltic could attract new partners-CEO.

By bne IntelliNews June 30, 2011
President and co-owner of the national air carrier airBaltic Bertold Flik believes that the company cannot expect the state to provide all the necessary funds of almost LVL 100mn and thus new investors/partners could be attracted for airBaltic, with those interested already in place. Previously Flik argued that renewing airBaltics fleet and increasing its capital is crucial for the company, estimating the investment needed at LVL 100mn.

Related Articles

EE: Estonian Air records EUR 49.2mn loss in 2012.

Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more

LT: Malsena acquires Latvian flour manufacturer Rigas Dzirnavieks.

Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more

EE: Estonian Air to return excess Embraer airplanes.

Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335