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Court uphold seizure of airBaltic assets

Jan 02, 2009
TBT Staff in cooperation with BNS

VILNIUS - Lithuania's Court of Appeals has upheld the seizure of almost 200 million litas (57.97 million euros) in assets of Latvia's airline airBaltic and Riga Airport. However, the court also revoked the order on the seizure of the funds of airBaltic and Riga Airport in banks and overturned prohibitions for the respondents to offer and receive special discounts at the airport, whichLithuania's flagship carrier FlyLAL-LithuanianAirlines strongly objects to. "In the opinion of the Lithuan ...

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