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Ceturtdiena 21.11.2019 | Name days: Andis, Zeltīte

Flick can only be dismissed by his own company

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President of airBaltic Bertolt Flick

With compliance of the shareholders agreement Bertolt Flick can only be dismissed or elected by the company Baltijas aviācijas sistēmas that he himself owns, which means that the state’s control in this matter is limited.

The Minister for Traffic Kaspars Gerhards has already met with the President of airBaltic Bertolt Flick and currently there are ongoing negotiations that Flick should chose only one post – the President of airBaltic or the Chairman of the Board, reports the newspaper Diena.

The law does not stipulate that the Chairman of the Board cannot own other companies as well; however, the situation is dual, because both of the companies [Baltijas aviācijas sistēmas and airBaltic] could compete, the Minister was cited by his advisor Inga Sprinke (Inga Spriņķe), adding that specific actions of the Minister are delayed by the uncertainty of Flick’s intentions in Lithuania.

The Ministry assumes that Flick is intentionally putting pressure on the state, in order it sold its airBaltic shares, which it does not intend to.

While the Minister for Economics Artis Kampars considers that Flick is operating in the interests of his private business in a very obvious way.


Leave a reply to Tom

  1. Tom says:

    Flick can only be dismissed by his own company
    nice! :D

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