AirBaltic 737-500. By Rob Finlayson The Latvian government has acquired the 47.2% stake in airBaltic (BT) previously held by Baltijas Aviacijas Sistemas (BAS), the company controlled by former BT president and CEO Bertolt  Flick. It now owns 99.8% of the Riga-based carrier. The purchase follows the collapse of the Lithuanian bank Snoras and its subsidiary Krajbanka, which held the BAS shares in airBaltic as collateral. The government used its pre-emptive right to make the ...

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