RIGA -- Martin Gauss has been appointed the new head of national Latvian airline airBaltic as the stat-owned company received its first cash bailout from the government.
Gauss is a German national who previously headed Hungarian airline "Malev". He replaces former CEO Bertolt Flick, who was foced to resign over the need for another state bailout for the struggling airline.
''I am very much looking forward to being part of the ''airBaltic'' team. The airline has a very strong brand and is an energetic and innovative company. It will be my task to set up clear structures which are missing at present. I will introduce corporate governance in order to reach a financially positive airline operation,'' Gauss said in a statement.