newstodate.aero
Jun 18, 2013 (newstodate): The Latvian government is still chasing potential investors in the state-owned carrier airBaltic.
According to a Latvian radio interview this morning, the country's minister of transportation confirmed that talks are still being conducted, with at least two potential partners in the pipeline.
The carrier's restructuring program is producing evidence of airBaltic's ability to return to profitability, and the efforts are also boosted by falling prices on jet fuel.
In August 2012 the Latvian state published its intentions of selling a minority share in airBaltic while retaining a golden share.
A tender for attracting non-binding expressions of interest expired by November 1, 2012.
Since then, little evidence of talks and negotiations has been available, but according to industry sources talks have been held with Turkish Airlines and several Gulf state carriers - with no visible results.
According to a Latvian radio interview this morning, the country's minister of transportation confirmed that talks are still being conducted, with at least two potential partners in the pipeline.
The carrier's restructuring program is producing evidence of airBaltic's ability to return to profitability, and the efforts are also boosted by falling prices on jet fuel.
In August 2012 the Latvian state published its intentions of selling a minority share in airBaltic while retaining a golden share.
A tender for attracting non-binding expressions of interest expired by November 1, 2012.
Since then, little evidence of talks and negotiations has been available, but according to industry sources talks have been held with Turkish Airlines and several Gulf state carriers - with no visible results.