Latvia Seeks Air Baltic Investment From Neighbors After CEO Exit
Latvia has reached out to neighboring countries about investing in Air Baltic Corp AS, its premier said, after the state-owned airline dismissed its chief executive officer ahead of plans for an initial public offering.
The airline said in September that a share sale long in the works could raise as much as €300 million ($332 million). It's a project that CEO Martin Gauss had been working on, but the company said this week he was leaving following a vote of no confidence from the Latvian state.
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