Government postpones decision on airBaltic's business plan
On Tuesday, the government did not yet decide on approving the new business plan of airline 'airBaltic', but the Cabinet of Ministers meeting continues, and in its closed session, the authorization for private capital raising is to be discussed.
On Tuesday, July 28, the government meeting did not reach a decision on approving the new business plan of the national airline 'airBaltic'. The Cabinet of Ministers meeting is ongoing, and its closed session is scheduled to consider the issue of granting authorization to the airline for private capital raising. This indicates that the government is still deliberating whether and under what conditions to allow 'airBaltic' to attract private investors. The decision has been postponed, and it is expected that discussions may continue later in the evening or in the coming days. The future of 'airBaltic' is a significant issue, as the airline is one of the largest employers in Latvia and plays a crucial role in the country's connectivity with other nations.
