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Išbandyti
2012 10 11

Lithuania and Latvia discuss establishing joint postal and airline companies

Lithuania and Latvia are considering to establish joint Baltic postal and airline companies. According to Transport Minister Eligijus Masiulis, Riga favors the idea of a joint postal company, while initiatives of establishing a joint airline company will first have to be assessed by experts.
Lietuvos paštas
Lietuvos paštas / Lietuvos pašto nuotr.

Masiulis discussed these and other ideas at the meeting with his Latvia’s counterpart, Aivis Ronis, in Klaipėda on Wednesday, Transport Ministry said in a press release.

“A year ago, the postal companies of the Baltic countries signed a cooperation agreement but Estonia’s postal operator made investments and started to compete with Lietuvos Paštas (Lithuanian Post). However, Latvia is very positive about this cooperation idea,” Masiulis told BNS.

Estonia’s logistics and postal services company Eesti Post operates Lithuania’s self-service parcel terminal chain Post24. Earlier this month, it acquired Unipakas, Lithuania’s leading logistics and express parcel delivery company, for an undisclosed amount.

If the economic benefits of a joint postal company were proved, the discussions would move to a more advanced level, the minister said.

Lietuvos Paštas had already launched talks with the Latvian postal operator, the ministry said in the press release.

The ministers also discussed a possibility to establish a joint airline company and progress achieved in the project of the European-gage railway Rail Baltica.

Masiulis proposed to Latvia and Estonia to resume discussions and to make new calculations so as to find out whether the joint venture could bring benefit.

“Latvia’s minister told me that Riga is now looking for an investor for Airbaltic and the company is cutting its losses. What we have today, is more of a political will to establish the company. The experts should meet and discuss the idea of an airline company next,” Masiulis told BNS.

Latvia is currently looking for a strategic investor for its loss-making air carrier Airbaltic. Estonia has also opened discussions about the future of Estonian Air.

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