Posts tagged as equity

AirBaltic to receive EUR 250 million new equity from the Latvian government

Thursday, July 16, 2020

The shareholders of the Latvian airline airBaltic today approved the final decision of the Republic of Latvia to invest EUR 250 million into the equity of airBaltic in order to overcome the economic crisis caused by COVID-19. Martin Gauss, the CEO of airBaltic, said: “With this new equity investment we are executing our new business plan Destination 2025 CLEAN. This investment will facilitate the successful growth of airBaltic leading to an IPO in the future.” Following the approval…

Latvia puts in €250mn of equity to save flag carrier airBaltic

Tuesday, May 12, 2020

The Latvian government has invested €250mn equity in airBaltic, the flag carrier in which Riga holds a majority stake, to help it overcome the crisis caused by nose-diving passenger numbers during the coronavirus (COVID-19) lockdown, airBaltic said on May 7. Following the investment, the Latvian state now has a 91% stake in the airline, an increase from the 80.95% it had held prior to the investment. airBaltic has suffered from…