HUGE INTEREST IN AIRBALTIC


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Latvian national air carrier airBaltic is for sale – and interest in it is huge. The local government is selling 80% of the company’s share and allegedly has already received 40 offers from potential investors. Among them are the largest British airlines. It has a great interest in the rapidly growing market of Baltic republics.

“We do not want to begin any speculations. At this moment, no one can know how the whole situation will eventually turn out.” said Martin Gauss, executive director of Airbaltic.

It’s the Lazard bank’s task to sell the share in the state-owned airline. According to their representatives, the deal should be closed by the end of this year. At the moment, the airline operates 28 aircraft with which it flies to 60 destinations.

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