The Prime Minister made a loud statement about airBaltic: without additional funding, the airline will likely not be able to operate
Latvian Prime Minister Andris Kulbergs stated that the national airline airBaltic requires a new, sustainable business plan to justify further state funding. The government is skeptical of the airline's previous expansion goals and will review the situation by the end of July.
Why it matters
It illustrates the challenges of state-owned enterprises in aviation and the fiscal pressure on governments to maintain national carriers.
The Prime Minister made a loud statement about airBaltic: without additional funding, the airline will likely not be able to operate
The article reports on government statements regarding fiscal policy and corporate oversight without taking a side.
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