AirBaltic and TAV Airports Holding signed an MOU to become joint venture partners for the possible development, construction and operation of a new passenger terminal at Riga International. The JV would be on a 50:50 shareholding basis. AirBaltic has lobbied for a new terminal able to handle 7 million passengers by 2014, which reportedly would require an investment of more than €92 million ($127.5 million) from the private sector (ATW, Feb. 1).
AirBaltic and TAV Airports Holding signed an MOU to become joint venture partners for the possible development, construction and operation of a new passenger terminal at Riga International. The JV would be on a 50:50 shareholding basis. AirBaltic has lobbied for a new terminal able to handle 7 million passengers by 2014, which reportedly would require an investment of more than €92 million ($127.5 million) from the private sector (ATW, Feb. 1).
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