Posts tagged as puts

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…