Danish entrepreneur Lars Thuesen, who is 100% owner and chairman of Danish wet-lease operator Jet Time, has acquired 20% of airBaltic from German businessman Ralf Dieter Montag-Girmes. Private investor Montag-Girmes, who has a background in corporate finance, originally acquired the 20% stake in 2015 following a four-year privatization process. Montag-Girmes already knew former Scandinavian Airlines CFO Thuesen indirectly and he said the sale, which was completed last week, was “very ...

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