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Talks on Japanese investments in "airBaltic" in early stages

RIGA, April 11 - Japan's largest airlines are interested in cooperating with "airBaltic" and the Riga Airport, however, talks with Japanese cooperation partners are only in early stages, "airBaltic" council member Kaspars Briskens informed "Nozare.lv".

It is necessary to take into account the specifics of Japanese business practice, which requires both sides to build up trust before continuing talks on potential investments in "airBaltic". None of the largest airlines can be singled out as the best potential partner, explained Briskens.

At the moment, the sides are establishing contacts and discussing practical cooperation in Japan, for example - in launching charter flights between Latvia and Japan. If the flights are successful, regular flights between Riga and Tokyo, as well as cargo transportation between Latvian and Japan, could be launched, and it will be possible to speak about investments in "airBaltic". Prime Minister Valdis Dombrovskis' (Unity) visit to Japan has sped up the establishment of contacts, which would otherwise require much more time.

Talks with Japanese airlines, as well as other potential investors, are easier due to "airBaltic" financial results improving, the airline successfully implementing its business plan and having good corporate management, emphasized Briskens.

As reported, today, Dombrovskis will conclude his visit to Japan, meeting with the management of "Mitsubishi Fuso Truck and Bus Corporation" and the Japan Bank for International Cooperation representatives. The prime minister will also give an interview to "Kyodo News".

On April 8, Dombrovskis had a meeting with "All Nippon Airways" Board Chairman Yoji Ohashi, offering the Japanese airline to invest money in "airBaltic". 
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