Updated at 17:11,20-07-2018

Latvian Airline Konkors Taken Over by Belarusians?


The ownership at the Latvian airline has changed, with Belarus national Alexander Sadovoi taking over 100% of shares, reports the Baltic business portal Delfi.

Former co-owners and partner and currently enemies are now accusing each other of all the sins, ranging from a bad business strategy to conspiracy.

Konkors Co. owns one of the largest aicraft service centers in the Baltic states. Before the conflict it belonged to two owners: Latvian businessman Sergei Ratnikov and Belarusian businessman Alexander Sadovoi who is also a member of the board of the Belarusian state corporation Beltechexport.

According to unofficial sources from the Riga Airport, the company is operating in a usual mode.