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).

Subscribe to Access this Entire Article

"AirBaltic to form JV to build new Riga terminal" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.