Bertolt Flick

Bertolt Martin Flick (born 1964, Germany) is a German businessman, the former president and CEO of airBaltic airline.

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.

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.