Airline

HEAVY LOSSES FOR AIRBALTIC

By Dino D'Amore Jul 06, 2011 1 mins read

Latvian national carrier airBaltic, which is 53% owned by the Latvian government and 47% owned by Baltic Aviation Systems, an offshore investment vehicle of President and CEO Bertolt Flick, made a loss of LVL13 million (€18.3 million) in the first five months of 2011. The heaviest losses were post...

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