Originally Posted by
uberfly
Dont forget Latvian state is owner of the Airbaltic. What is the benefit of state if they let them bankrupt and their 530 million debt? A bit economics 101 will help.
This makes it more complicated. Opposition parties are making a legal case and now they are saying the money that need to be returned to tax payers are 571 millions. If the current government writes them off they will loose the next elections for sure. I remember Latvians complaining they pay with their taxes the brand new A220 and they are flying with the carpatair old F100 cause ab was leasing their planes. They won't mind if slots will be taken by the low cost airlines.
Opposition is attacking for both airbaltic and baltic rail and Latvians who are hit hard by inflation and taxes are following them.
Not only economic but also political and judicial issue, the President of Latvia stated that communications with AB have failed