19 SEPTEMBER 2011
BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.
The Business Travel News
PO Box 758
Edgware HA8 4QF
+44 (0)20 8952 8383
© 2020 Business Travel News Ltd.
In spite of serious financial problems, and the cancellation of some services, Latvian airline airBaltic is continuing with its operations. In a strongly worded statement last Friday, the Latvian government said that it would continue support for the embattled carrier.
“The Government of the Republic of Latvia and the Ministry of Transport, as airBaltic's majority shareholder, is strongly committed in continuous development of the company and is ready to invest necessary financial resources in further development of company's activities.”
airBaltic goes back to 1995 as a joint venture of the State and SAS, who pulled out in 2009, its majority stockholding retained by the management. airBaltic President Bertolt Flick recently criticized Latvian politicians for their involvement but the Economy Minister Artis Kampars wants to see Mr Flick’s departure and international investors brought in. www.airbaltic.com
All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum
No one has commented yet, why don't you start the ball rolling?