Latvia has approved plans to sell 20% of airBaltic to German businessman Ralf Dieter Montag-Girmes for €52 million ($57 million) and agreed to invest a further €80 million in the airline directly. Latvian Prime Minister Laimdota Straujuma announced the decision, which had already been deferred once, immediately after a lengthy cabinet meeting on Nov. 3. Under Latvian law, the cabinet meeting must be formally declassified before details of the decision can be released. The ...

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