AirBaltic’s (BT) two main shareholders—the Latvian state and Baltijas Aviacijas Sistemas (BAS), the company controlled by the carrier’s president and CEO Bertolt Flick—are entangled in another dispute, as the government vows to make a capital injection in the company conditional on Flick’s resignation, according to media.
AirBaltic 737-500. By Rob Finlayson AirBaltic’s (BT) two main shareholders—the Latvian state and Baltijas Aviacijas Sistemas (BAS), the company controlled by the carrier’s president and CEO Bertolt Flick—are entangled in another dispute, as the government vows to make a capital injection in the company conditional on Flick’s resignation, according to media. The Latvian state owns 52.6% of BT while BAS has 47.2%. Past disputes have been about ...
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