Latvian national carrier airBaltic is set to receive an increase in its share capital following a decision at its annual general meeting. The airline will see its share capital increase to €82.6 million ($89.6 million). The Latvian government owns 99.8% of the airline’s shares. The process to increase the share capital has been ongoing since 2011 but has been dogged by a series of legal obstacles. However, following a decision earlier this month by Riga Regional Court to undo a ...

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