A protocol of intentions has been signed so far. The investor’s name cannot be revealed due to confidentiality reasons.
It is a “respectable European investor”, who sees airBaltic’s competitive capacity. The deal will be assisted by a respectable legal service company and audit company, as well as a bank from Latvia.
A total of EUR 120-130 million are to be invested by both the state and investor. The state could contribute about EUR 80 million.
Source and image: The Baltic course