Latvia in Talks for Strategic Investor to Support Ailing airBaltic
The Latvian government is negotiating with a strategic investor to support financially struggling state-controlled airline airBaltic, according to Prime Minister Andris Kulbergs. The carrier seeks short-term financing from bondholders ahead of an August 3 meeting and has yet to repay a €30 million loan due in August.
Topics: airBaltic financial restructuring government negotiations strategic investment