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Old 7th Aug 2009, 09:50
  #366 (permalink)  
pil00t
 
Join Date: Apr 2008
Location: Estonia
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Airbaltics future under question

RIX-BT,

My appologies for posting that last news that contained incorrect info about AB-s result, the correct info is that Air Baltics loss was actually bigger.

balticbusinessnews.com - airBaltic?s official result: Loss of more than EEK 600 mln
balticbusinessnews.com - Auditor: airBaltic?s future under question

And for the argument before, I was not saying Estonian Air is in top shape, quite opposite really, but Air Baltic does everything they can to make Estonian Airs situation even worse: dumping prices in Estonia and same time enyoing low taxes at RIX.
Sad thing is that Estonian goverment will give loan to Latvia which in the long run might be part of the money that Latvian goverment will give to Air Baltic in order to save it.

PS. Im not Estonian Airs pilot, though i know some employees there.
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