The Latvian national airline airBaltic has managed to attract a financial investor from Western Europe who is ready to invest about EUR 50 million in the company, reports LETA, according to Karlis Krastins, CEO of the investment banking and financial advisory company Prudentia.
A protocol of intentions has been signed so far. The investor's name cannot be revealed due to confidentiality reasons.
It is a "respectable European investor", who sees airBaltic's competitive capacity. The deal will be assisted by a respectable legal service company and audit company, as well as a bank from Latvia.
A total of EUR 120-130 million are to be invested by both the state and investor. The state could contribute about EUR 80 million.
Aviation took the spotlight at Hurtwood Park Polo Club on Saturday, 5 September, where more than 800 guests gathered with Luxaviation UK and Castle Air for the 2026 edition of the Aviation Polo Cup. M...
Vista is set to debut its signature hospitality concept, Vista House, in Singapore, elevating one of Asia’s most anticipated sporting weekends with a refined, members‑only experience. Conceived...
Lufthansa Technik and Emirates have reinforced their long‑standing strategic partnership with the renewal of a multi‑year agreement covering base maintenance services for Emirates’ Airbus A380 f...
Aircraft from emerging markets can represent excellent acquisition opportunities but understanding where and how an aircraft operates should shape the pre-purchase inspection and wider due diligence p...
