In 1995, Flick became a member of airBaltic's supervisory board and in 1999 he was elected the chairman of the board. Between 2002 and 2011, he was the president and CEO of the company. On January 30, 2009, Flick purchased a 47.2% stake in airBaltic from Scandinavian Airlines via Baltijas aviācijas sistēmas Ltd (BAS) for 14 million lats.[2] BAS was wholly owned by Flick until December 2010, when 50% of BAS shares were transferred to Taurus Asset Management Fund Limited, registered in the Bahamas.[3] The beneficiaries of the company were widely disputed.[4][5]
Under the leadership of Flick, airBaltic lost 173 million euros between 2010 and 2011. In August 2011, airBaltic requested more than 60 million lats in capital as its losses continued to mount,[6] and suffered speculation about its financial position[7][8][9][10] and political scandals throughout 2011.[11][12] In mid-September 2011, the company announced plans to lay off around half its employees and cancel around 700 flights a month to avoid possible grounding.[13][14] The government of Latvia and BAS agreed to invest around 100 million lats in the airline's share capital in proportion to their stakes in AirBaltic.[15][16] In connection with the agreement, Flick stepped down as long-term president and CEO of the airline.
He became the president of the Frankfurt-am-Main based charter airline XL Airways in 2012.
Referencesedit
^. Archived from the original on 4 March 2012. Retrieved 3 March 2010.
^Bertolt Flick purchased a 47.2% stake in airBaltic
^"Changes in airBaltic shareholders structure". Baltic News Network. 16 December 2010. Retrieved 20 April 2013.
^"Augulis: par BAS patiesā labuma guvējiem klejo daudz baumu". Tvnet.lv. 1 October 2011. Retrieved 19 March 2019.
^"BAS patiesie labuma guvēji ir Fliks un kāda Krievijas privātpersona". Kasjauns.lv. 22 September 2011. Retrieved 19 March 2019.
^"AirBaltic in need of massive investment as losses mount". baltictimes.com. 19 August 2011. Retrieved 20 April 2013.
^Toomas Hõbemägi (27 June 2011). . Balticbusinessnews.com. Archived from the original on 1 July 2011. Retrieved 20 April 2013.
^Toomas Hõbemägi (14 September 2011). "Tallinn Airport: airBaltic owes us money". Balticbusinessnews.com. Retrieved 20 April 2013.
^Toomas Hõbemägi (28 June 2011). "Bookinghouse stops selling tickets to airBaltic flights". Balticbusinessnews.com. Retrieved 20 April 2013.
^"airBaltic starts cancelling flights". Baltictimes.com. 13 September 2011. Retrieved 20 April 2013.
^. Bakutoday.net. Archived from the original on 25 March 2012. Retrieved 20 April 2013.
^"Suspected illegal activity haunts airBaltic". Baltictimes.com. 14 September 2011. Retrieved 20 April 2013.
^Toomas Hõbemägi (16 September 2011). . Balticbusinessnews.com. Archived from the original on 16 September 2011. Retrieved 20 April 2013.
^. Intelliguide.com. Archived from the original on 2 April 2012. Retrieved 20 April 2013.
^Alla Petrova (17 October 2012). "Agreement officially signed on bail out of airBaltic". Baltic-course.com. Retrieved 20 April 2013.
^Latvian government approves airBaltic deal April 3, 2015, at the Wayback Machine
This German business-related biographical article is a stub. You can help Wikipedia by expanding it.
bertolt, flick, bertolt, martin, flick, born, 1964, germany, german, businessman, former, president, airbaltic, airline, 2010, degree, from, university, heidelberg, germany, 1995, flick, became, member, airbaltic, supervisory, board, 1999, elected, chairman, b. Bertolt Martin Flick born 1964 Germany is a German businessman the former president and CEO of airBaltic airline Bertolt Flick 2010 He has a law degree from the University of Heidelberg Germany 1 In 1995 Flick became a member of airBaltic s supervisory board and in 1999 he was elected the chairman of the board Between 2002 and 2011 he was the president and CEO of the company On January 30 2009 Flick purchased a 47 2 stake in airBaltic from Scandinavian Airlines via Baltijas aviacijas sistemas Ltd BAS for 14 million lats 2 BAS was wholly owned by Flick until December 2010 when 50 of BAS shares were transferred to Taurus Asset Management Fund Limited registered in the Bahamas 3 The beneficiaries of the company were widely disputed 4 5 Under the leadership of Flick airBaltic lost 173 million euros between 2010 and 2011 In August 2011 airBaltic requested more than 60 million lats in capital as its losses continued to mount 6 and suffered speculation about its financial position 7 8 9 10 and political scandals throughout 2011 11 12 In mid September 2011 the company announced plans to lay off around half its employees and cancel around 700 flights a month to avoid possible grounding 13 14 The government of Latvia and BAS agreed to invest around 100 million lats in the airline s share capital in proportion to their stakes in AirBaltic 15 16 In connection with the agreement Flick stepped down as long term president and CEO of the airline He became the president of the Frankfurt am Main based charter airline XL Airways in 2012 References edit American Chamber of Commerce in Latvia Archived from the original on 4 March 2012 Retrieved 3 March 2010 Bertolt Flick purchased a 47 2 stake in airBaltic Changes in airBaltic shareholders structure Baltic News Network 16 December 2010 Retrieved 20 April 2013 Augulis par BAS patiesa labuma guvejiem klejo daudz baumu Tvnet lv 1 October 2011 Retrieved 19 March 2019 BAS patiesie labuma guveji ir Fliks un kada Krievijas privatpersona Kasjauns lv 22 September 2011 Retrieved 19 March 2019 AirBaltic in need of massive investment as losses mount baltictimes com 19 August 2011 Retrieved 20 April 2013 Toomas Hobemagi 27 June 2011 Antonov airBaltic will continue its business Balticbusinessnews com Archived from the original on 1 July 2011 Retrieved 20 April 2013 Toomas Hobemagi 14 September 2011 Tallinn Airport airBaltic owes us money Balticbusinessnews com Retrieved 20 April 2013 Toomas Hobemagi 28 June 2011 Bookinghouse stops selling tickets to airBaltic flights Balticbusinessnews com Retrieved 20 April 2013 airBaltic starts cancelling flights Baltictimes com 13 September 2011 Retrieved 20 April 2013 Former Latvian president unleashed on the head of airBaltic corruption fighters Bakutoday net Archived from the original on 25 March 2012 Retrieved 20 April 2013 Suspected illegal activity haunts airBaltic Baltictimes com 14 September 2011 Retrieved 20 April 2013 Toomas Hobemagi 16 September 2011 airBaltic starts massive layoffs Balticbusinessnews com Archived from the original on 16 September 2011 Retrieved 20 April 2013 Update AirBaltic cancels flights through December Intelliguide com Archived from the original on 2 April 2012 Retrieved 20 April 2013 Alla Petrova 17 October 2012 Agreement officially signed on bail out of airBaltic Baltic course com Retrieved 20 April 2013 Latvian government approves airBaltic deal Archived April 3 2015 at the Wayback Machine nbsp This German business related biographical article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Bertolt Flick amp oldid 1222219472, wikipedia, wiki, book, books, library,
