Latvia’s Transport Minister, Kaspars Briskens, has no intention to resign despite criticism of his communication, LSM reports. Earlier, President Edgars Rinkevics and Prime Minister Evika Silina criticised the minister’s messaging on the future of the country’s national air carrier, airBaltic, and the Rail Baltica railway project. Speaking after a meeting with Briskens, Rinkevics said that…
The Latvian state is negotiating with a well-known strategic investor on the possible acquisition of a 10% stake in the country’s national air carrier, airBaltic, according to LTV’s information, LSM reports. Klavs Vasks, chairman of airBaltic’s supervisory board, confirmed that the unnamed strategic investor could acquire a minority stake in the company. In 2023, Prudentia…
Latvian President Edgars Rinkevics criticised Transport Minister Kaspars Briskens for his communication on the development of the country’s national air carrier, airBaltic, and the Rail Baltica railway project, LSM reports. Rinkevics said that the minister’s communication had been a “complete failure.” Speaking after her meeting with the President, Prime Minister Evika Silina said that she…
Latvia’s national air carrier, airBaltic, will open flights to several new destinations from the three Baltic capitals in summer 2025, including five from Tallinn, four from Riga, and seven from Vilnius, LRT reports. The company will offer flights from Tallinn to Tirana in Albania, to Hamburg in Germany, to Reykjavik in Iceland, and to Barcelona…
The Latvian government will have to relinquish its controlling stake in the national air carrier, airBaltic, “sooner or later,” Prime Minister Evika Silina said, LETA reports. The government wants airBaltic to operate more on market principles, she stated. If airBaltic’s planned IPO fails, the government will make a “separate decision” on the company’s future, Silina…
Latvia’s national air carrier, airBaltic, may have to delay its planned initial public offering (IPO) until the first half of 2025 amid investor worries about the aviation industry’s profitability, CEO Martin Gauss said, traders.lt reports. The company plans to raise as much as EUR 300mn through the IPO planned for later in 2024, BNN Bloomberg reports….
The new strategic investor in Latvia’s national air carrier, airBaltic, will be “a big positive surprise,” CEO Martin Gauss stated, LSM reports. He said that the identity of the investor would indicate that airBaltic was “recognised internationally as a serious airline.” Also, the investor would welcome the continued shareholding of the Latvian state in the…
The Latvian government has decided to launch an initial public offering (IPO) of shares in the state-owned national air carrier, airBaltic, by the end of 2024, ERR reports. Transport Minister Kaspars Briskens said that the IPO would proceed concurrently with talks with a new strategic investor, LSM reported. He said that the state only planned…
A strategic investor has shown interest in Latvia’s national air carrier, airBaltic, Transport Minister Kaspars Briskens revealed, LETA reports. He suggested that the investor could acquire a minority stake in airBaltic before the company’s possible IPO. Briskens refused to disclose the name of the potential investor. No talks are currently under way with Estonia or…