Airport, China, Latvia, Transport

International Internet Magazine. Baltic States news & analytics Sunday, 25.09.2022, 13:35

Latvian Transport Ministry does not support sale of airBaltic shares in coming years

Alla Petrova, BC, Riga, 14.09.2010.Print version
The Transport Ministry of Latvia does not support the sale of the state's stake in the Latvian national airline airBaltic anytime over the next few years, the business portal was told today by the ministry.

"Quite the opposite – at the ministry's recommendation, LVL 15 million was invested in the company's share capital this spring," stressed representatives of the ministry, explaining that no official offer had yet been received from Chinese investors in connection with companies supervised by the Transport Ministry.


As reported, the TV3 show "Neka personiga" ("Nothing Personal") announced on Sunday that Hainan Airlines, one of China's largest air companies, was interested in acquiring shares in Latvian national airline airBaltic, and that unofficial talks were taking place concerning the possibility of selling 48% of airBaltic to the Chinese company, writes LETA.


The management of the second-largest shareholder in airBaltic, airline president Bertolt Flick's company Baltijas aviacijas sistemas, afterwards indicated to that it was "satisfied that finally it has come out in the media that airBaltic is on a list of companies that could be privatized."


"Baltijas avijacijas sistemas is in favor of a transparent and unhurried privatization process; moreover, there is great interest in airBaltic from potential investors," explained the company.

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