AirBaltic will sign an investor agreement with German businessman Ralf Dieter Montag-Girmes in January, once it has “closed all matters related to its Bombardier CS300 order.” On Nov. 3, Latvia’s cabinet approved the sale a 20% stake in airBaltic to private investor Montag-Girmes for €52 million ($57 million) and agreed to invest a further €80 million in the airline directly. Montag-Girmes, who is active in aircraft leasing, property development and rentals, was ...

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