newstodate.aero
Feb 02, 2017 (newstodate): Providing little real news, airBaltic's CEO Martin Gauss keeps confirming that yes, the carrier is searching for its future strategic partner and yes, a solution will be found before the end of this year.
Latest evidence is an interview on February 1, 2017, on a Latvian TV channel where Mr Gauss again confirms that he expects the final solution to reach daylight by November 2017.
airBaltic has talked about a strategic partnership for several years already, but needed first to consolidate its financial performance and return to profitable operations before any viable partner might be attracted to involving itself with the airline.
This goal of obtaining profitability was achieved from 2013, and 2016 full-year results are expected to continue on a positive note as well.
Also at the recent press conference in Riga on December 1, 2016, Mr Gauss said that the process would be completed most probably already during 2017.
-The state is determined to sell its majority stake in airBaltic, seeing the carrier's future better with a strategic airline partner that will allow us to develop our business potentials to the full, Martin Gauss, airBaltic CEO and President, said.
In pursuit of this strategy, airBaltic has selected Lazard Fr�res as its financial adviser to attract potential investors in the carrier.
Latest evidence is an interview on February 1, 2017, on a Latvian TV channel where Mr Gauss again confirms that he expects the final solution to reach daylight by November 2017.
airBaltic has talked about a strategic partnership for several years already, but needed first to consolidate its financial performance and return to profitable operations before any viable partner might be attracted to involving itself with the airline.
This goal of obtaining profitability was achieved from 2013, and 2016 full-year results are expected to continue on a positive note as well.
Also at the recent press conference in Riga on December 1, 2016, Mr Gauss said that the process would be completed most probably already during 2017.
-The state is determined to sell its majority stake in airBaltic, seeing the carrier's future better with a strategic airline partner that will allow us to develop our business potentials to the full, Martin Gauss, airBaltic CEO and President, said.
In pursuit of this strategy, airBaltic has selected Lazard Fr�res as its financial adviser to attract potential investors in the carrier.