Estonia Rejects Latvia's Proposal to Buy 10% Stake in airBaltic

Estonia rejects Latvia's proposal to buy 10% stake in airBaltic

Estonia's government on Thursday rejected an offer from the Latvian Ministry of Transport to purchase a €14 million stake in Latvian airline airBaltic, Minister of Regional Affairs and Infrastructure Kuldar Leis (Reform) said.

Estonia turns down airBaltic investment proposal

The government of Estonia declined to buy a minority stake in airBaltic (BT, Riga), after the government of Latvia, the carrier's majority shareholder, sent a formal offer with terms identical to those previously offered to Lufthansa Group. "We received an offer from the Latvian Ministry of Transport to acquire up to a 10% stake in airBaltic for EUR14 million euros (USD16.5 million). The offer was the same for both Lithuania and Lufthansa," Mini…

Estonia says no to airBaltic shares

On Thursday, the Estonian government decided not to buy shares in the Latvian national airline airBaltic, as announced by Estonian Infrastructure Minister Kuldar Leis.