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 ...

Subscribe to Access this Entire Article

"AirBaltic becomes fully government owned " 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.