RE:Air Baltic had no money to pay for the 2nd of 20 CS300Merci, la situation de cette compagnie privee n'est pas si rose ...a suivre
If travel plans take you through the Baltic states, you might want to consider flying airBaltic. Latvia's flag carrier, airBaltic serves more than 65 destinations, mainly in Europe, from its hubs in Riga, Latvia, and Vilnius, Lithuania.
The airline's fleet of some 30 aircraft includes Boeing 737-500s and Fokker 50s.
Founded in 1995, airBaltic is 53% owned by the Latvian government. Scandinavian air group SAS AB had owned the other 47% but sold its shares in early 2009 to airBaltic's management for about $25 million. The sale came after the Latvian government rejected a buyout offer from SAS. https://www.lsm.lv/ru/statja/ekonomika/novosti/strategicheskogo-investora-airbaltic-naydut-k-nojabryu.a221659/ Odelay wrote: https://www.lsm.lv/ru/statja/ekonomika/novosti/strategicheskogo-investora-airbaltic-naydut-k-nojabryu.a221659/
Does anyone know more about the situation with Air Baltic's finances? According to this article, they had to take on a private investor at the last minute to split the bill with the Latvians. The article suggests, positively, that the government is trying to find more investors so that they can get out of the aviation business.
Translated from Russian:
"As already reported Rus.lsm.lv, of the Rga airport its first new airplane flying Bombardier CS300 made at the end of last year. Second CS300 aircraft with the registration YL-CSB number departed from Mirabel Airport in Montreal on the last day of 2016 shortly before midnight local time and arrived in Riga already in 2017. This purchase was for airBaltic fatal: for the machines had to be paid, but there was no money. As a matter of urgency accepted the offer of the investor Ralph Dieter Montag-Girmesa - he invested in the company 52 million, another 80 should provide the state."