Lufthansa has finally firmed up its acquisition of a 10% stake in Riga-based Latvian flag carrier airBaltic. The move, which was announced on Wednesday evening, follows rumors of the same that ...

Latvian state-majority-owned airline airBaltic posted a net loss of €118 million last year, even as the company's revenue grew 12 percent on year to more than €747.6 million, the airline announced ...