Airport, Baltic, Latvia, Legislation, Transport

International Internet Magazine. Baltic States news & analytics Friday, 26.04.2024, 00:53

Vjaceslavs Dombrovskis doubts whether Estonia and Lithuania would accept less shares than Latvia in a joint Baltic airline

Alla Petrova, BC, Riga, 30.08.2012.Print version
"The idea of creating a pan-Baltic airline is fine – on the one hand, but it is very unlikely that Estonia and Lithuania would be prepared to accept a smaller number of shares in the project than Latvia," Saeima Economic, Agrarian, Environmental and Regional Policy Committee Chairman Vjaceslavs Dombrovskis ( Reform Party) told LETA.

The Riga Airport is "much more developed" than the airports in Lithuania and Estonia. Therefore, it would be rational if – in case a joint airline is established – Latvia received a larger number of shares. But usually parties in a joint venture hope to have an equal number, which in this case would not reflect the amount of investments, noted Dombrovskis.

 

Dombrovskis said he did not know whether the other two Baltic countries would be prepared to accept secondary roles in the project, writes LETA.

 

Also, discussing the idea on the parliamentary level might be not very effective, therefore the talks should be conducted by the three countries' respective ministries. If Lithuania has anything to propose, Latvia will hear such proposals, added Dombrovskis.

 

Lithuanian Transport Ministry said recently that it was preparing to propose in the near future that the three Baltic countries establish a joint airline.

 

Couple weeks ago, Estonian business newspaper Aripaev wrote that a merger between Estonian Air and Latvia's airBaltic should be given serious consideration.






Search site