airBaltic: Investor Search, Losses & IPO Halt – Financial Crisis Deepens?
Riga, Latvia – Latvia’s flag carrier, airBaltic, is actively seeking a strategic investor this year as it navigates ongoing financial challenges and adjusts its growth strategy. The airline, a cornerstone of Latvian aviation, reported a significant loss of €44.3 million in 2023, prompting a renewed focus on securing additional capital. This comes as the airline … Read more