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Friday, 29.03.2024, 13:24
Increase of airBaltic share capital completed
BC's photo. |
The share capital increase procedure is thus completed.
After the share capital increase, the Latvian State holds a 80 % stake in airBaltic, while the new investor – Aircraft Leasing 1 SIA, which is fully owned by private investor Ralf-Dieter Montag-Girmes, holds a stake of around 20%.
The Shareholder Meeting also approved the new Statutes of airBaltic, reflecting the increased share capital, and appointed a new Supervisory Board. The new Supervisory Board will consist of four members. The three previous Supervisory Board members Nikolajs Sigurds Bulmanis, Kaspars Briškens, Kaspars Āboliņš will be joined by a fourth member Ralf-Dieter Montag-Girmes.
The share capital increase is aimed at strengthening airBaltic to enable the airline to renew its fleet and successfully implement its business plan Horizon 2021.