AirBaltic sees growth potential beyond Latvia
AirBaltic would benefit from having a strategic investor on-board, but has no pressing need for an additional shareholder, CE Martin Gauss said. Having another large shareholder would improve the airline’s credit rating and make fleet financing cheaper, Gauss said. The company is 80% owned by the state of Latvia and 20% by Danish entrepreneur Lars Thuesen. The airline has been in on and off talks with potential future shareholders, but there has been a pause since late 2017 although the process is slowly resuming. At the end of May, AirBaltic placed a large follow-up order for up to 60 Bombardier CS300s, 30 of which are firm. Gauss stressed that those extra aircraft can be funded without additional shareholders. In 2017, the airline posted its highest profit ever and the first 4 months of 2018 “look even better”, Gauss said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-06-04/unaligned/airbaltic-sees-growth-potential-beyond-latvia
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AirBaltic sees growth potential beyond Latvia
AirBaltic would benefit from having a strategic investor on-board, but has no pressing need for an additional shareholder, CE Martin Gauss said. Having another large shareholder would improve the airline’s credit rating and make fleet financing cheaper, Gauss said. The company is 80% owned by the state of Latvia and 20% by Danish entrepreneur Lars Thuesen. The airline has been in on and off talks with potential future shareholders, but there has been a pause since late 2017 although the process is slowly resuming. At the end of May, AirBaltic placed a large follow-up order for up to 60 Bombardier CS300s, 30 of which are firm. Gauss stressed that those extra aircraft can be funded without additional shareholders. In 2017, the airline posted its highest profit ever and the first 4 months of 2018 “look even better”, Gauss said. <br/>
