Latvia’s national air carrier, airBaltic, cannot meet its obligations and achieve its strategic objectives if the company continues to operate with negative equity, supervisory board chairman Klavs Vasks stated, LETA reports. An additional capital injection from the state is therefore probably inevitable unless the government is prepared to privatise the company, Vasks said. The investment should come through an IPO, he insisted. Reportedly, Germany’s Lufthansa is in talks to become a strategic investor in airBaltic. Vasks revealed that talks with the strategic investor had not gone as well as expected, however. CEO Martin Gauss said that airBaltic still planned to attract EUR 300mn of new capital, LSM reported.
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