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The government of Latvia and BAS reached agreement and would jointly inject the capital into airBaltic

airBaltic shareholders agree to inject over 150m. euros

The shareholders of Latvian national airline airBaltic agreed in their meeting to finalise technical details until October 4 for the injection of 153 million euros in new capital financed by its two main shareholders, the Latvian government and Baltic Aviation Systems (BAS).

It was announced last Tuesday that the government of Latvia and BAS reached agreement and would jointly inject the capital into airBaltic. The Latvian government will secure EUR 81.9 million (LVL 57.6 million), while the private investor BAS will secure EUR 71.1 million (approximately LVL 50 million).

This shareholder meeting has taken a formal pause  and will continue on October 4 to finalize the capital increase, after the technical details are fully agreed by the shareholders.

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