newstodate.aero
Dec 05, 2011 (newstodate): After a most turbulent year in 2011, the Latvian carrier airBaltic can look forward to further challenges in 2012.
First of all, the carrier may expect another change in its ownership structure, following on the Latvian state's exercise of its preemptive rights by taking over the 47.2 percent stake in the carrier held by Baltic Aviation Systems.
This brought the state's stake to over 99 percent, and it is now expected that negotiations will soon be initiated with potential investors to relieve the state of the extra shares, but securing a golden share held by the state.
The carrier is also to present a new strategy by February 2012, worked out under the leadership of the new CEO, Martin Gauss, in the chair since November 1, 2011, when he took over from the dethroned Bertolt Flick after a prolonged struggle between airline and state.
The new strategy will also call for a long-overdue decision on the future aircraft fleet.
First of all, the carrier may expect another change in its ownership structure, following on the Latvian state's exercise of its preemptive rights by taking over the 47.2 percent stake in the carrier held by Baltic Aviation Systems.
This brought the state's stake to over 99 percent, and it is now expected that negotiations will soon be initiated with potential investors to relieve the state of the extra shares, but securing a golden share held by the state.
The carrier is also to present a new strategy by February 2012, worked out under the leadership of the new CEO, Martin Gauss, in the chair since November 1, 2011, when he took over from the dethroned Bertolt Flick after a prolonged struggle between airline and state.
The new strategy will also call for a long-overdue decision on the future aircraft fleet.