Hainan Airlines is reportedly interested in acquiring shares in airBaltic, with talks reportedly centring around the possibility of the sale of a 48% stake in the airline (Baltic-Course/Neka personiga, 13-Sep-2010). The Latvian Government would be left with a 4.7% stake in the carrier, with the remaining shares to remain in the possession of airBaltic President Bertolt Flick. It has been reported that if the ownership structure is altered, there could be a change in the airline's name.
Hainan Airlines shows interest in 48% stake in airBaltic
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airBaltic reaps rewards of restructuring rigour in Riga. Launch operator of CS300 returns to growth
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Just five years ago airBaltic was heavily loss-making and close to bankruptcy. Under CEO Martin Gauss Latvia's national airline has negotiated a successful restructuring programme, established a track record of growing profits, secured a private investor alongside the national government, made significant load factor gains, and is now returning to capacity growth.
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