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Old 2nd July 2025 | 22:51
  #546 (permalink)  
motardos
 
Joined: Jun 2023
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From: EU
Originally Posted by TBSC
Wording is not that clear, what convertible means?
What I understand is that LH gave to AB 14 millions for the wet leasing deal, that was branded as convertible shares but still AB is 97,5% Latvian State and 2,5% Aircraft Leasing Sia
Still they ask 250 millions from the Latvian state

When asked how much money is needed from the state, which has a 97% stake in the company, Martinovs said that it depends on the shareholder

Senior airBaltic official: company needs around 250 million euros



https://eng.lsm.lv/article/economy/t...euros.a603554/
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