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Friday 28.10.2016 | Name days: Ninona, Ņina, Antoņina, Oksana

Matiss: it would be unwise to use Prudentia’s investor for airBaltic

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUDues to matters of national security, it would be unwise to use the services of the investor found for airBaltic by Prudentia, notes Latvian Transport Minister Anrijs Matiss.

In his interview to Rīta Panorāma programme, Matiss said there are certain risks present in relation to this investor. Matiss said his personal opinion is that this investor’s services should be declined. He did not comment this matter in detail.

He added that ten Canadian Bombardier CSeries 300 aircraft can be procured for airBaltic by borrowing funds.

During next week’s government meeting, officials may discuss airBaltic’s investor problem. Evaluation of the investor found by Prudentia continues. The search for an appropriate investor continues on the government level.

Transport Ministry is also busy evaluating the work done by Martin Gauss.

At the end of September, the government refused services of Prudentia, which had found a financial investor of airBaltic. This investor is prepared to invest EUR 50 million in the airline. The state would have to invest EUR 80 million as well.

On 20 December 2012, airBaltic signed a contract with Bombardier regarding the procurement of ten CSeries 300 aircraft. In July 2014, airBaltic announced the procurement of three more aircraft.


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  1. Ilmars says:

    How many times do Latvian governments have to be ripped off by russian “investors” ( ie the russian mafia ) before they wake up.
    Air Baltic is a bankrupt, badly managed airline that could not be given away.
    Why is the government wasting 700,000 euro paying Prudentia to find buyers when all they can find are russian crooks ? Why is the CEO being payed the exhorbitant salary of 1,000,000 euros annually ? Why is this bankrupt airline buying more aircraft ? Why is AB flying half empty planes to places that noone has heard of ?
    The obvious conclusion of the government management of AB, is that Latvia is run by idiots.

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