Originally Posted by
patituri
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
I don’t think the summer flights cancellations are linked to the Uruguayan ACMI, since it will start in winter only.
Even without leasing planes to Uruguay, they would still have had to cancel those summer flights.
My 2 cents is the company will survive for the next 2 years at least, with or without Latvian tax payer money. With LH investing, regardless of the amount, it is sending a positive signal for the IPO, in which BTI will manage to finance itself back to healthier levels.
If the IPO doesn’t go through, they might still survive for a few more months/years by issuing another private bond(s), again thanks to the image of LH group investing. And go on for a few years like that, issuing bonds to repay the previous ones. It’s not healthy but it’s survivable for some time.