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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.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
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Theodore Koumelishttps://www.traveldailynews.com/author/theodore-koumelis/
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Theodore Koumelishttps://www.traveldailynews.com/author/theodore-koumelis/
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Theodore Koumelishttps://www.traveldailynews.com/author/theodore-koumelis/
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Theodore Koumelishttps://www.traveldailynews.com/author/theodore-koumelis/