Posts tagged as government investment

airBaltic CEO Gauss: government investment will be returned “multiple times”

Monday, May 11, 2020

airBaltic chairman and Chief Executive Officer Martin Gauss defended the government’s decision to invest an additional 250 million euros in the airline May 11, promising that it would be returned to taxpayers many times over in coming years. Outlining airBaltic’s reponse to the coronavirus crisis, Gauss said  the “GDP effect” of the investment will be significant and will “return more than 25 times for the state as our shareholder.” “We will…