Latvian Government Plans €36M Loan Conversion For AirBaltic

AirBaltic is 80% owned by the Latvian government.
Credit: Joe Pries
The government of Latvia has tentatively approved a €36.1 million ($39 million) treasury loan conversion for Riga-based airBaltic and is considering a further equity increase. In a statement, airBaltic said it currently has a “strong cash position,” but the COVID-19 pandemic could lead to several...
Victoria Moores

Victoria Moores joined Air Transport World as our London-based European Editor/Bureau Chief on 18 June 2012. Victoria has nearly 20 years’ aviation industry experience, spanning airline ground operations, analytical, journalism and communications roles.

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