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Sunday 23.02.2020 | Name days: Haralds, Almants
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Dombrovskis: airBaltic must remain national airline

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Prime Minister Valdis Dombrovskis

airBaltic must remain Latvian national airline. Besides the company can still be saved if its shareholder Baltic Aviation Systems (BAS) agrees to boost capital proportionally, according to Valdis Dombrovskis, Prime Minister.

He told LNT news 900 sekundes that they are expecting a clear answer from BAS by the next government session on September 20.

Dombrovskis adds that the government has already decided to take part in solving airBaltic issues, but it is also expecting involvement and information from the part of the other shareholder.

“We are ready to act fast, but it all depends on the other shareholder’s readiness to collaborate.”

The government believes that airBaltic flights cancellation is a clearly destructive Flick’s move, which subjects the airline to direct and indirect losses. According to Dombrovskis, it is no coincidence that flights were cancelled right ahead of the elections.

Slesers Reform Party is already making use of it in their campaign,” he says.

News agency BNN already reported, According to Flick, historically, there is a gap between the registered and the paid-in capital. According to the Land Register, airBaltic stock capital totals 534 725 lats, while the paid-in capital – 475 615 lats, which creates a gap of 59 110 lats in unpaid shares.

Dombrovskis in turn told, “National airline airBaltic minority shareholder SIA Baltic Aviation Systems was trying to register fictive shares in a bid to get hold of the controlling share in the airline.”

Council of the Latvian national airline airBaltic is set to turn to General Prosecutor’s Office with regard to statements on the sale of 59 110 lats worth airBaltic shares.

59 110 lats worth nominal value shares have been sold for 10 million euro (LVL 9 662 300).


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  1. Carl says:

    No more public money for that companie Let private stockholders to deal whit it.Anyway if Air Baltic vanishes whe wont die of it.The value of one share is zero santime.

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