Air Baltic Begins to Explore Stake Sale as IPO Efforts Stall

Latvia’s state-backed airline Air Baltic is looking to hire advisers to explore a sale of part of the business to investors as a long-awaited equity market listing has yet to...

By Edward Clark, Constantine Courcoulas, Aaron Eglitis · Bloomberg Markets

Latvia’s state-backed airline Air Baltic is looking to hire advisers to explore a sale of part of the business to investors as a long-awaited equity market listing has yet to materialize, according to people familiar with the matter.