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 ...

Subscribe to Access this Entire Article

"AirBaltic bolsters share capital" 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.

Already registered? here.