Originally Posted by
SkyGOAT
Why should they go bankrupt ? The government owns 97% of the shares. They have plans for an IPO on the stockmarket to raise 300 million euros.
Lufthansa wants to invest in BT as well.
BT operations are profitable, so I don’t see a bankruptcy any time soon.
My question was how it really is to work for them.
Is it worth it?
Do you believe the roster will improve in 2025?
Thanks
Cause they have to return 571 millions to the Latvian State that they don't have. Latvian politicians went to the prosecutor office today to make a legal case. Latvian government do not intent to write that debt off cause they will loose the elections if they do so. It's a package of airbaltic, baltic rail and citadele bank that Latvians are after for taxpayers money. Hot potato for the government, excellent opportunity for the opposition.
If any company can't pay and the debt is not written off, then bankrupts. As simple as that
Lufthansa is not interested to invest. There are some rumors that Lithuanians are interested to save them.
I don't think that there will be airbaltic in 2025, but that's up to the prosecutor, I don't know how fast is the justice system in Latvia. Politicians handled airbaltic debt to the Latvian justice