Originally Posted by
TyroleanCondor
There are certain conditions under which the EU Commission is allowed to grant state aid.
So there is a realistic scenario where Latvia is allowed to (partly) forgive debts, the IPO money is used to partly pay back some high interest bonds and AirBaltic ends up with a sustainable level of debt.
IMHO much depends on the political Situation in Latvia and the geopolitical developments in the next months.
Latvians are fuming for their money that funded AB, I don't think any politician will vote to partly forgive the 540 millions to state, (and another 500+ millions to others) even if EU agreed (really doubt)
They managed to get only 14 millions from LH
Few months ago they were advertising sales on tickets and later canceled these flights because they will send 5 aircrafts for ACMI in Uruguay making Latvians fuming more. I think is the least loved company in Latvia