Airport, Latvia, Legislation, Transport

International Internet Magazine. Baltic States news & analytics Sunday, 05.07.2020, 09:41

airBaltic and Riga Airport reach settlement; airline will pay airport LVL 7.15 mln

Alla Petrova, BC, Riga, 14.04.2011.Print version
Riga International Airport and the national airline airBaltic finally reached a settlement today. airBaltic has agreed to pay its debt to the airport plus a contractual penalty – LVL 7.15 million altogether – according to a schedule approved by both sides, as the airport and the airline informed the business portal.

The airport and the airline say in a statement to the press that they have reached a solution acceptable to both sides, putting an end to a dispute that had continued for more than a year, writes LETA.


Less than a month ago, Riga Airport turned to the Supreme Court over the Riga Regional Court's ruling at the end of last year not to arrest airBaltic payments from third parties and funds in bank accounts, in the amount of LVL 2,548,881 altogether.


Previously airBaltic and the airport made several claims against each other.


airBaltic claimed that it had overpaid the airport EUR 34 million over the past several years, and filed a lawsuit for the same amount against the airline.

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