The first 90 days of the ‘new’ airBaltic

  • 2012-02-23
  • By Emi Pastor
RIGA - It’s been about 90 days since the government of Latvia rescued the national airline airBaltic. So three months after near disaster, are things any better at the Baltics’ largest airline?The center-right government was forced to provide it with a major recapitalization and take over the ownership of the carrier. The intervention came on the heels of a string of negative headlines that airBaltic had been generating: confusion around the management of the business, charges against the former owner Bertolt Flick, and financial problems concomitant with the ‘Latvij...
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