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EC investigates airBaltic restructuring

The European Commission (EC) has begun an inquiry into the airBaltic (BT) restructuring following EC concerns and third-party complaints.

The European Commission (EC) has begun an inquiry into the airBaltic (BT) restructuring following EC concerns and third-party complaints. The Riga-based airline, which has estimated a return to profitability in 2014 (ATW Daily News, Nov. 5), began struggling financially in 2008 and has since received “several public support measures,” the EC said.  The commission said it “started to look at [the public support measures] on [our] own initiative and received two ...

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