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airBaltic Looks for Potential New Investor

Latvian airline airBaltic has mandated global investment bank Greenhill to evaluate financing options for the future development of the airline. Consequently, one of these financing options is the search for a potential new investor.

Martin Gauss, Chief Executive Officer of airBaltic, stated that the company “…improve(d) its performance whilst several airlines left the market. In order to follow the growth strategy outlined …airBaltic requires additional financing for …future development… ” Gauss also stated that airBaltic is looking forward to working with Greenhill's. Gausse referred to Greenhill's as “an experienced financial adviser on potential options.”

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