newstodate.aero
Oct 03, 2012 (newstodate): Since November 2011, the Latvian carrier airBaltic is fully state-owned, but the Latvian government is keen to prove a clean sheet against any potential allegation of breach of EU's anti-competition rules.
To bolster these efforts, the Latvian transport minister has been at EU headquarters to explain airBaltic's Reshape program and its results so far.
In late August 2012 the Latvian government advertized a tender to attract a new investor in the airline to relieve the state of its full ownership in exchange for a golden share-position.
A deadline has been set at November 1, 2012, for attracting non-binding expressions of interest for a stake of up to 50 percent minus one share.
In the meantime, the Latvian state has pledged to ensure optimal conditions for the airline to keep it in shape for an eventual change of ownership, which will be kept at the white side of EU regulations on competition.
To bolster these efforts, the Latvian transport minister has been at EU headquarters to explain airBaltic's Reshape program and its results so far.
In late August 2012 the Latvian government advertized a tender to attract a new investor in the airline to relieve the state of its full ownership in exchange for a golden share-position.
A deadline has been set at November 1, 2012, for attracting non-binding expressions of interest for a stake of up to 50 percent minus one share.
In the meantime, the Latvian state has pledged to ensure optimal conditions for the airline to keep it in shape for an eventual change of ownership, which will be kept at the white side of EU regulations on competition.