The Latvian airline airBaltic has selected Lazard Frères as its financial adviser to attract potential investors and finance for future development of the carrier. 

Martin Gauss, Chief Executive Officer of airBaltic:

- airBaltic has completed a successful turnaround and achieved profitability. We are now taking airBaltic to a new level of development by attracting additional investment and finance.  We are delighted to select Lazard Freres from the group of interested bidders.”

Lazard Frères is a financial advisory and asset management firm, founded in 1848. Today Lazard Freres operates in 42 cities across 27 countries.

airBaltic serves over 60 destinations from its home base in Riga, Latvia. From every one of these locations, airBaltic offers convenient connections via Riga to its network spanning Europe, Scandinavia, CIS and the Middle East. In addition, airBaltic also offers direct flights from Tallinn and Vilnius.

Read also: airBaltic Starts a Massive Recruitment Campaign

Read more news about airBaltic HERE