Thursday, August 25, 2011 |

Latvia Wants Air Baltic CEO To Resign


By Jens Flottau .


The Latvian government is willing to participate in a capital increase for Air Baltic, or buy the airline back, if management—in particular the current CEO Bertold Flick—resigns. A total of 60 million lati ($122 million) is set to be injected in the airline.

The announcement is the latest turn in a long struggle ...