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HomeLithuaniaAirBaltic offers shares to Lithuanian, Estonian govts

AirBaltic offers shares to Lithuanian, Estonian govts

Latvia’s national airline airBaltic has offered the Lithuanian and Estonian governments to buy its shares, the Estonian Postimees news website reports.

Martin Gauss, the company’s board chairman, told the website he had met Lithuanian Transport Minister Marius Skuodis and Estonian Climate Minister Kristen Michal and briefed them on airBaltic’s IPO plans.

“We had such talks, and that’s all I can say,” he told Postimees.

Lithuania’s Transport and Communications Ministry has refrained to comment hen approached by BNS.

Lithuania’s vz.lt business news website was the first to report the news.

In January, Skuodis said that Lithuania was considering the possibility of acquiring airBaltic shares, adding that the possible terms of the deal were being discussed, which should ensure that a part of airBaltic planes were based in Lithuania.

Offering flights from all three Baltic capitals, airBaltic in September hired financial advisers for its upcoming IPO that is expected in the second half of this year. Gauss recently told Lithuania’s 15min.lt news website that the share sale would depend on decisions of the Latvian government.

Source: BNS

(Reproduction of BNS information in mass media and other websites without written consent of BNS is prohibited.)

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