Airport, Financial Services, Latvia, Legislation, Transport

Valdis Dombrovskis and Andris Berzins. Riga, 7.09.201. Photo: president.lv

At the moment, the brand of airBaltic belongs to the other airBaltic shareholder – Baltijas Aviacijas sistemas, informs LETA.

In the context of changes to the airline's shareholders agreement, the airline's brand is one of the key matters, stressed Dombrovskis. Other airBaltic components that, for one reason or another, have been moved to other companies, will also be discussed. It is important that they become property of the airline again, which the state hopes to achieve by amending the shareholders agreement.

Dombrovskis also confirmed that ex-Prime Minister and Saeima member Andris Skele (People's Party) was one of the persons involved in talks on the possible sale of airBaltic.

Dombrovskis said that information on Skele's possible involvement in the talks on the possible sale of airBaltic had surfaced several times in the mass media, and during Dombrovskis' meeting with Ukrainian businessmen this past spring, Skele was again mentioned regarding the possible sale of airBaltic. Dombrovskis confirmed that the meeting was mostly about Ukrainian financial investments in Latvia, but that the Ukrainian businessmen also inquired about airBaltic, and "the name of Skele' was also mentioned."

The latest developments regarding airBaltic were also discussed at Dombrovskis' meeting with President Andris Berzins today.

Berzins told reporters he could not yet comment airBaltic future development as talks are continuing between the airline's shareholders.

As reported, the government agreed yesterday that amendments to the national budget would be prepared to ensure the necessary financing to invest in airBaltic.

The exact sum was not announced, however, according to calculations by consultant firm Prudentia, both of the airline's shareholders must each invest proportionately LVL 50 to 70 million.