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. |
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
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
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