Latvia’s government plans to retain just 25% of its stake in airBaltic (BT, Riga), plus one share, after it puts the company up for a long-awaited initial public offering (IPO) later this year, local media reported citing a government announcement.

“We will ensure that the airline’s main base remains at Riga Airport and that the company continues to develop flight connections for both Latvia and the other Baltic states. This must be guaranteed regardless of who the investors will be,” Latvian Minister of Transport Kaspars…

Source: ch aviation
Read more: Latvian government to keep 25% in airBaltic after IPO