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Latvia aviation news

Latvia sells 20% stake in Air Baltic to German investor

Following lengthy deliberations, the Latvian government has agreed to sell a 20% stake in Air Baltic(BT,Riga) to German investor Ralf Dieter Montag-Girmes for EUR52 million (USD57.2 million). The official LETA news service says that alongside Montag-Girmes' investment, government will shore up the carrier's coffers with an EUR80 million (USD88 million) loan from the Latvian central bank...

Latvia Buys 3 TPS-77 Multi-Role Radars from Lockheed Martin

The Ministry of Defence of the Republic of Latvia and Lockheed Martin signed a contract for three TPS-77 Multi-Role Radars (MRR) for use in air surveillance and to complement radar assets already in place. "Purchase of "TPS-77" MRRs will mean a huge investment in the strengthening of defence capabilities of National Armed Forces and gives us the chance to act accor...

Chinese, German investors set sights on Latvia's Air Baltic

Air Baltic (BT, Riga) has attracted attention from Chinese investors Latvia's State Secretary to the Ministry of Transport, Kaspars Ozoliņš, has disclosed. In an interview with Latvian Radio this week, Ozoliņš described the investors simply as owners of a variety of aircraft manufacturing firms. He added that talks took place last month during the finalization of details for a...

airBaltic Improves Riga – Berlin Route

The Latvian airline airBaltic will improve its service between Riga and Berlin Tegel, by operating a larger jet aircraft starting from October 25, 2015. This will upgrade the connection between the Latvian and German capitals, as well as offer convenient travel opportunities beyond to the Baltic region, Scandinavia and the CIS countries. Christophe Viatte, Chief Commercial Officer of&...