Pressemitteilung BoxID: 300942 (Air Baltic c/o GLOBE GROUND BERLIN GMBH)
  • Gegenüber Position 4/5
  • 10827 Berlin
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  • +371 67028274

Shareholders decide to sue Bertolt Flick for damages to airBaltic

(lifePR) (Riga, ) Today airBaltic shareholder meeting decided to sue the former airBaltic Board Member and CEO Bertolt Flick in accordance with Article 172 of the Commercial Law of the Republic of Latvia for damages caused to airBaltic. The decision to initiate legal proceedings against Mr. Bertolt Flick was the only item on the agenda of today's shareholder meeting.

As announced previously, airBaltic has started a restructuring programme, airBaltic ReShape, to achieve improvements of almost half a billion euro (LVL 330 million) over the next five years, and returning the carrier to profitability from 2014. This week airBaltic entered the summer season with an increased number of flights in its network spanning Europe, Middle East, and Russia/CIS and returning leisure destinations on the Mediterranean, Black Sea and Caspian coast. airBaltic serves over 60 destinations from its home base in Riga, Latvia. From every one of these, airBaltic offers convenient connections via North Hub Riga to its network spanning Europe, Scandinavia, Russia, CIS and the Middle East.