airbaltic , legally incorporated as as air baltic corporation , is a state-owned latvian low-cost carrier and the country 's flag carrier , with its head office on the grounds of riga international airport in mārupe municipality near riga .

its main hub is at riga international airport with further bases at tallinn airport and vilnius airport .

airbaltic

airbaltic suffered losses of more than 30 million lats last year . ( photo : airbaltic )
- extra seats can be booked by calling airbaltic contact centre and at airbaltic ticket offices .
as reported in december 2009 airbaltic sold to its shareholder – bas – six its brands ( airbaltic , airbaltic . com , airbaltic travel . com , airbaltichotels , balticmiles and baltic tax ) and the deal was approved by the airbaltic board .
sadly , airbaltic is not on there . i have flown with airbaltic before , but never as a codeshare with klm .
the sas group has signed an agreement today to sell its 47 , 2 % holding in airbaltic to the management of airbaltic .
a lithuanian court has ordered airbaltic to pay €16 million euros to bankrupt former competitor flylal , which claimed unfair competition that airbaltic strenuously denies .
etihad airways and airbaltic at the launch of winter 2017 / 18 season expanded codeshare partnership , followed by the return of airbaltic’s . . .
airbaltic operates direct flights from riga to over 60 destinations . airbaltic offers convenient connections via riga to its network spanning europe , scandinavia , the cis and the middle east . in addition , airbaltic also offers direct flights from tallinn and vilnius .
the government is due to discuss airbaltic behind closed doors later in the day .
airbaltic - explore our destinations ! it ' s really easy to . . .
customer relations airbaltic administration riga international airport marupes pag . riga lv - 1053 latvia
glassdoor gives you an inside look at what it ' s like to work at airbaltic , including salaries , reviews , office photos , and more . this is the airbaltic company profile . all content is posted anonymously by employees working at airbaltic .
airbaltic was the first airline in europe to introduce on - time arrival guarantee in early 2009 . this insurance allows airbaltic passengers to make the rare delays less inconvenient .
the latvian national airline airbaltic was handed a special award from the jury of the budgies world low cost airline awards , recognising achievements of airbaltic as a hybrid airline .
the latvian airline airbaltic has been notified by the danish investor lars thuesen that formalities have been completed to acquire 20 % stake in latvian national airline airbaltic that was held by german investor ralf - dieter montag - girmes , the airbaltic representatives informed bc .
the initial contribution of lvl 30 million to airbaltic shareholder is expected in two weeks .
bas became airbaltic shareholder in early 2009 by acquiring sas shares for 14 million lats .
the upgrade can only be used on airbaltic operated flights with a bt flight no .
next summer airbaltic will have more than five new destinations added to its route map .
airbaltic named world ' s most punctual airline ( again ) / article / lsm . lv
in the first half of 2014 , airbaltic earned a net profit of eur 14 million .
official twitter account of airbaltic , the leading airline in the baltic countries . contact us :
airbaltic - etihad codeshare could lead to deeper links . meanwhile , eu state aid inquiry continues
according to the agreement , the state will proportionately participate in increasing airbaltic share capital – by october 14 , the state is to loan airbaltic lvl 16 million on several conditions : airbaltic must retract its petition for legal protection submitted to the riga district court , the 59 , 110 sas shares must be annulled , and a new version of airbaltic charter must be approved .
airbaltic’s top 10 routes reflect its focus on the baltic and nordic region , with all six local capital cities represented in the list . the importance of copenhagen , oslo and stockholm reflects airbaltic’s still close links with sas , which owned 47 % of airbaltic until jan - 2009 .
airbaltic will start bombardier cs300 commercial operations on december 14 on its route linking riga with amsterdam . airbaltic is the launch operator for the cs300 aircraft , and has ordered twenty cs300 aircraft .
augulis said that airbaltic sole board member bertolt flick would most probably be dismissed on tuesday , when airbaltic shareholders meeting will take . augulis did not reveal the government ' s candidates to work on airbaltic council , which will later appoint a new three - member board for the airline .
at present airbaltic ensures flights with 25 aircraft – 13 boeing 737 and 12 bombardier q400 nextgen .
as reported , airbaltic welcomed the world ' s first bombardier cs300 aircraft in riga on wednesday .
airbaltic serves over 60 destinations from its home base in riga , latvia . from every one of these locations , airbaltic offers convenient connections via riga to its network spanning europe , scandinavia , cis and the middle east . in addition , airbaltic also offers direct flights from tallinn and vilnius .
airbaltic serves over 60 destinations from its home base in riga , latvia . from every one of these locations , airbaltic offers convenient connections via riga to its network spanning europe , scandinavia , cis and the middle east . in addition , airbaltic also offers new direct flights from tallinn and vilnius .
the latvian state holds a 80 % stake in airbaltic and has greenlighted lending about €80m to the company from the state coffers . airbaltic is on the lookout for a strategic long - term investor .
airbaltic serves 60 destinations from its home base in riga , latvia . airbaltic offers convenient connections via north hub riga to its network spanning europe , scandinavia , russia , cis and the middle east .
later thursday airbaltic ceo martins gauss told leta at a press conference that in 2015 airbaltic earned €19 . 5m in net profit , which is by €9 . 8m or 82 % more than in 2014 .
aircraft leasing 1 sia is the investment vehicle that is the holder of 20 % shares of airbaltic .
latvia ' s airbaltic gets a eur 132 million capital injection , promises not to buy sukhoi planes .
the now bankrupt lithuanian snoras bank has joined the fight for the ownership over latvian state airline airbaltic .
airbaltic - etihad codeshare could lead to deeper links . meanwhile , eu state aid inquiry continues | capa
airbaltic was honoured in a special ceremony during bombardier commercial aircraft’s 2016 all operators conference and tradeshow being held in dallas , texas this week . earlier this month , airbaltic selected additional bombardier cs300 aircraft by converting its remaining seven option aircraft to firm . this latest order brought airbaltic’s total firm order to 20 cs300 aircraft .
new investor completes airbaltic buy - in
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* * for any flight in business class you are accounted two flights to the number of airbaltic segments .
thus far , airbaltic has completed more than 3 602 scheduled flights and flown over 8 104 block hours with the brand new bombardier cs300 aircraft . as of now already every fourth passenger of airbaltic is flying cs300 .
thus far , airbaltic has completed more than 3 602 scheduled flights and flown over 8 104 block hours with the brand new bombardier cs300 aircraft . as of now already every fourth passenger of airbaltic is flying cs300 .
airbaltic business class passengers are granted business lounge access at airports worldwide . see which airports offer this service !
this week the shareholders of airbaltic have approved the annual report of the latvian airline . airbaltic has achieved a net profit of eur + 1 million for the full year of 2013 . airbaltic has surpassed by far its original plans and has turned around the fy2012 loss of eur - 27 million , converting it into a net profit of eur + 1 million for 2013 . airbaltic has achieved profitability one year ahead of the initial schedule .
airbaltic saw passenger numbers fall by 8 % in 2012 , with load factor dipping by 3ppts to 72 % .
latvia ' s airbaltic , has been named the most punctual airline in the world for a second year running .
airbaltic suspended the four crew members , following the failed breath tests and has said it is seeking their dismissal .
meanwhile airbaltic continues to offer flights to over 60 destinations worldwide and remains a popular choice for lithuanian travelers too .
valuable information for airbaltic passengers transferring at riga airport . get to know your way around the airport online today !
the latvian airline airbaltic has achieved exceptional performance and was recognised as a leading operator of q400nextgen aircraft by bombardier .
airbaltic ' s punctuality rate was 94 . 4 % , and according to the data of oag aviation solutions , aviation data analysts , airbaltic achieved the best on - time performance globally for two years running in 2014 and 2015 .
latvian airline airbaltic has received the last of its bombardier q400 nextgen thus growing the modern turboprop fleet by 50 % this summer . the brand new aircraft were phased in airbaltic operations from early may . [ > > > ] more
the agreement stipulates that bas must provide lvl 14 million to airbaltic . the airline ' s liabilities to bas will be consolidated , consolidated will also be the subsidiaries of airbaltic and bas , and the outsourced services will be given back to airbaltic . a restructuring plan and a new business plan must be drawn up for the airline in two months .
airbaltic ( air baltic corporation ) is the world’s most punctual airline connecting the baltic region with 60 destinations in europe , the middle east , and the cis . airbaltic is a joint stock company that was established in 1995 . its primary shareholder is the latvian state , which holds 99 . 8 % of the stock . the airbaltic fleet consists of 24 aircraft – 12 boeing 737 and 12 bombardier q400next gen . airbaltic has received numerous international awards for excellence , innovative services , and achievements in reshaping its business . in 2012 , airbaltic was ranked by airlinetrends among the top 10 airlines globally for innovations . airbaltic achieved the best on - time performance globally for two years running in 2014 and 2015 .
up to now 100 % of the company was owned by airbaltic president bertolt flick , currently 50 % of it belongs to a company registered in the bahamas taurus asset management fund limited , forming 9 654 000 lats of airbaltic equity .
6th airbaltic cseries cs300 msn 55008 client acceptance early next week for next week delivery . cs300 55009 first flight within 48h
establishing a training company – seven years and running airbaltic training , that is strong and professional with more to come .
airbaltic is the launch operator of the bombardier cs300 aircraft . the first two aircraft arrived in riga in late 2016 .
the latvian airline airbaltic announced its first destinations for the summer season of 2018 , starting on march 27 , 2018 .
previously airbaltic has won a silver award in the ispy 2011 for selling goods with emotional intelligence and best sales techniques .
latvian carrier airbaltic has undergone a capital increase , finalizing german investor ralf - dieter montag - girmes’ 20 % stake in the airline . on may 2 , airbaltic’s shareholders formally approved plans to increase airbaltic’s share capital to €256 . 5 million ( $ 294 million ) , comprising 256 , 472 , 824 shares . “the share capital increase procedure is thus completed . after the share capital increase , the latvian state holds an 80 % stake in airbaltic , while the new . . .
the agreement stipulates that the consolidated airbaltic shareholders agreement signed on april 30 will be terminated . a new council will be appointed for the airline , which will appoint a new three - member board . airbaltic ceo bertolt flick will be dismissed .
“after an intensive period of turnaround airbaltic is back on a profitable growth path and able to offer lower prices and more destinations with our brand new aircraft” , says martin gauss , chief executive officer and the chairman of the board at airbaltic .
airbaltic serves more 80 destinations from its home base at north hub riga , latvia . from each of these , airbaltic offers convenient connections via north hub riga to its network spanning europe , scandinavia , russia , cis and the middle east .
martin gauss , chief executive officer of airbaltic : “with airbaltic reaching a profit and having its annual report approved , now the cabinet of ministers will decide on the retention of the profits in the airline in accordance with the currently effective legislation . ”
an airbaltic co - pilot was given a jail sentence after drinking heavily before a flight . photograph : aero icarus / wikimedia
in december 2014 , latvian airline airbaltic carried 168 , 191 passengers throughout its network spanning europe , scandinavia , russia , cis and the middle east . during the year 2014 , airbaltic has transported a total of 2 , 636 , 111 passengers .
for the summer of 2015 , airbaltic announced 14 new routes , the largest improvment in connectivity since restructuring and achieving profit .
it has been state owned since 30 november 2011 after a financial crisis . in early 2012 , airbaltic confirmed that it had canceled the oulu hub plan due to airbaltic ' s continuing financial problems . it has since partly recovered and cut costs .
air baltic corporation ( airbaltic ) is a joint stock company established in 1995 . the primary shareholder is the latvian state with 99 . 8 % of stock . airbaltic has a major presence at the airports of all three baltic state . . .
airbaltic at the launch of summer 2018 season expanded codeshare partnership with nextjet , covering additional domestic swedish sectors operated . . .
airbaltic and airmalta this week launched reciprocal codeshare partnersip , covering service between the baltics and malta . approximately from . . .
this week : american airlines expands european focus ; new bordeaux route for airbaltic ; and pakistan international airlines to fly karachi–bangkok .
next year , airbaltic will begin to phase in its new bombardier cseries aircraft . what is your role in this project ?
according to oag , airbaltic achieved a punctuality rating of 94 . 4 % for flights linking the baltics with destinations in europe , middle east and russia / cis . it means that more than 9 airbaltic aircraft out of 10 arrive on - time .
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6th airbaltic cseries cs300 msn 55008 client acceptance early next week for next week delivery . cs300 55009 first flight within 48h - fliegerfaust
bertolt flick , president and chief executive officer of airbaltic :
airbaltic has a unique business model integrating some of the best features of network carriers and low cost airlines . successful restructuring and focused management of the airline has earned airbaltic international awards for its achievements as a network carrier . the selection of airbaltic as an airline in the top league of low cost carriers is recognition of our low - cost structure and affordable tickets to passengers . we thank our customers who encourage us to innovate and improve continuously .
i applied online . the process took 5 days . i interviewed at airbaltic ( riga ( latvia ) ) in august 2015 .
airbaltic’s top 10 routes by seats are dominated by nordic and central / eastern european destinations . only two , riga to paris cdg and amsterdam , are in western europe . the importance of copenhagen , oslo and stockholm reflects airbaltic’s still close links with sas , which owned 47 % of airbaltic until jan - 2009 . the carrier is now 99 . 8 % owned by the latvian state .
estonian consumer protection department invites people to be careful when planning their trips with the airline airbaltic , taking into consideration possible arising problems .
“safety is a top priority at airbaltic and following the situation in oslo we have stepped up safety measures , ” a spokesman said .
the 15 - minute flight punctuality indicator for airbaltic reached a level of 91 , 5 % in december 2014 . this means that more than 91 of every 100 airbaltic flights in december departed at the planned time or with a delay of no more than 15 minutes .
airbaltic and tap air portugal this month begins reciprocal codeshare partnership , covering service between riga and lisbon , via various european . . .
airbaltic this week announced new route launch from tallinn , which sees the airline offering tallinn – london gatwick nonstop flight . . . .
aegean airlines and airbaltic in winter 2017 / 18 season plans to expand codeshare partnership , offering additional travel option between the . . .
airbaltic and nextjet earlier this month launched reciprocal codeshare partnership , covering service between latvia and sweden , as well as service . . .
ipad rental airbaltic also rents ipads to passengers travelling in economy on flights longer than 2 hours and 30 minutes for a fee of eur 9 . up to 10 ipads are available on each flight , which airbaltic rents from catering company lsg under a profit - sharing agreement .
he promises to fulfill all the tasks of the airbaltic restructuring plan by 2016 . however , in order to achieve this , the airline requires development and investments , gauss says .
dienas bizness
reports that gauss ' contract with airbaltic ends at the end of this year .
the transport ministry called a press briefing this afternoon to announce that an official agreement has been signed on bailing out the national airline airbaltic .
for the summer season of 2018 airbaltic has added malaga ( spain ) , lisbon ( portugal ) , split ( croatia ) , bordeaux ( france ) and gdansk ( poland ) . a complete schedule of airbaltic flights can be found on the company ' s homepage at urltoken .
the a / s air baltic corporation operates as airbaltic and corporately styled as airbaltic . it is the latvian low - cost carrier flag carrier airline . the firm ' s head office on the grounds of riga international airport . its main hub is also at riga international airport .
airbaltic and iberia this friday ( 26may17 ) will expand codeshare partnership , as the former begins riga – madrid operation with bombardier . . .
through codeshare partnerships airbaltic is able to offer passengers a broader route network . your ticket or booking confirmation will advise whether your flight is operated by a different airline . airbaltic has 22 codeshare agreements with foreign airlines and operates joint flights with its partners to more than 100 destinations .
the uae ' s national carrier yesterday inked an agreement with to codeshare with airbaltic . flights from latvia ' s capital riga would take place on airbaltic , giving passengers access to etihad ' s wider network from abu dhabi . the agreement will commence in october and continue indefinitely .
if the eu rules that airbaltic must repay the funds received from the state , this would increase the pressure to find a new investor .
if travel plans take you through the baltic states , you might want to consider flying airbaltic . latvia ' s flag carrier , airbaltic serves more than 65 destinations , mainly in europe , from its hubs in riga , latvia , and vilnius , lithuania . the . . .
pins program is owned and operated by pins . co , which , in turn , is owned by air baltic corporation ( airbaltic ) .
he said that at present airbaltic fleet consists of 13 boeing 737 planes , four of them are on a leasing , and nine belong to the company . while renewing its fleet , the boeing 737 planes will be sold and by 2020 all airbaltic fleet will consist of bombardier planes .
airbaltic received the award at world low cost airlines congress in london . the panel of international judges in the jury acknowledged airbaltic’s achievements and observed that the carrier sets trends in the world’s airline industry . “the judges of the budgies award for 2010 believe the efforts and results of airbaltic deserve special merit . this airline has made tremendous strides to remake itself as a truly hybrid airline . it has readily adapted to dramatic changes to its business environment and the economy of its region . in addition , airbaltic is a marketing innovator with a continuous stream of revenue - enhancing products and services . the judges believe airbaltic deserves special merit as a pacesetter in the world’s airline industry , ” reads the statement of the jury .
according to oag , airbaltic achieved a punctuality rating of 94 . 4 % for flights linking the baltics with destinations in europe , middle east and russia / cis . it means that more than 9 airbaltic aircraft out of 10 arrive on time . airbaltic is followed in the global top 10 ranking by copa airlines , azul , japan airlines , all nippon airways , finnair , tam , austrian airlines , hawaiian airlines , lot .
airbaltic ' s 2015 profit will be used to cover the losses of previous years , transport ministry ' s state secretary kaspars ozolins told leta .
riga - - latvia ' s national airline , airbaltic , has requested more than 60 million lats in capital as its losses continue to mount .
the prime minister of latvia asked the transport ministry as the state capital shares holder to assess airbaltic board and council members activities correspondence to legislation .
the single most important place for you as a frequent airbaltic flyer . always keep an eye on your level , flights count and expiries here .
baltictaxi , balticbike besides airbaltic’s aggressive growth strategy , the company behind the airline , baltic aviation systems , seems to be also turning into a baltic version of the easygroup ( of easyjet , easycar and easyhotel fame ) , capitalizing upon the airbaltic brand to enter related markets , such as a taxi service ( baltictaxi ) and bike sharing ( balticbike ) ( for more see “entrepreneurial airbaltic extends brand to taxi and bike sharing services” ) .
airbaltic and tarom since late - march 2018 expanded codeshare partnership , covering additional intra - european sectors . from 26mar18 , planned new . . .
airmalta and airbaltic at the launch of summer 2018 season launched reciprocal codeshare partnership , covering service to / from malta , catania , . . .
condor in recent schedule update filed operational aircraft changes , which sees selected routes operated by airbaltic boeing 737 - 300 aircraft . the . . .
airbaltic in summer 2018 season plans to resume service to kazakhstan , as the airline plans 3 weekly riga – almaty route . previously . . .
airbaltic and tarom at the launch of winter 2017 / 18 season expanded codeshare partnership , offering additional travel options within europe . from . . .
i m flying klm with codeshare on air baltic to amsterdam . anyone know if we get a complimentary meal and drink on the airbaltic flight ?
a similar message was delivered by wolfgang reuss , svp network management at airbaltic , who said fleet rollover was the major issue the airline faced .
in case of rebooking / rerouting on another airbaltic flight / s , airbaltic will do its best to reconfirm the extra seat . if impossible , a customer will receive a travel voucher at the value of the extra seat price for their next purchase or a refund of the amount paid .
latvian airline airbaltic has introduced a novel food ordering system that allows travellers to customize their in - flight meal after they have booked their seat .
airbaltic serves 60 destinations from its home base in riga , latvia . airbaltic offers convenient connections via north hub riga to its network spanning europe , scandinavia , russia , cis and the middle east . for summer 2013 , airbaltic has introduced six new destinations - prague ( czech republic ) , heviz - balaton ( hungary ) , olbia ( sardinia , italy ) , rijeka ( croatia ) , larnaca ( cyprus ) , and malta .
airbaltic boeing 735 , yl - bba , bti6c4 and latcharter airbus a - 320 , yl - bcb , ltc306 on 25 . 07 . 2008
the latvian airline airbaltic will launch a new route between bordeaux and riga on june 3 , 2018 , offering two weekly flights every thursday and sunday . the new route will offer convenient connections between the two cities and more than 60 airbaltic destinations from riga including baltics , scandinavia and the cis .
airbaltic serves sixty destinations from its home base in riga , latvia . airbaltic offers convenient connections via riga to its network which spans europe , scandinavia , russia , the cis , and the middle east . for summer 2014 , airbaltic has introduced six new destinations - burgas and varna ( bulgaria ) , palma de mallorca ( spain ) , bucharest ( romania ) , gothenburg ( sweden ) , and aberdeen ( scotland , within the uk ) .
tallinn airport director rein loik is confused why airbaltic closes air routes that have just been unveiled after having organized extensive advertising campaign and promoting new destinations .
further investments in the airline will be supervised by the transport ministry and prudentia . the financial flows will be supervised until the situation in airbaltic stabilizes .
airbaltic earlier this week announced the addition of 2 russian destinations , previously served by the airline in the past . the airline plans to . . .
airbaltic yesterday ( 15aug17 ) announced planned new service for summer 2018 season , as it opens reservation for 5 routes from riga . planned . . .
as reported , on november 30 , 2011 , latvijas krajbanka used up its financial pledge thereby taking over the airbaltic shares owned by private shareholder baltic aviation systems ( bas ) , which were then sold to transport ministry . this made the latvian state the owner of 99 . 7 % of airbaltic shares .
martin sedlacky , chief operations officer of airbaltic : “i am delighted that airbaltic was recognised prominently along with product and service innovations by such airlines as delta , british airways , qantas , air canada , norwegian . this is an excellent impetus for us to keep working on other improvements in the future . ”
our approach to calculating airbaltic’s operating loss suggests that , while still loss - making , its operating margin improved by around 20ppts in 2012 . this is corroborated by the chart below , which shows the change in operating margins for a number of european airlines in 2012 and shows that airbaltic saw the biggest improvement .
a press conference with ralf dieter montag girmes is planned for monday , 9 november , 15 . 00 in airbaltic headquarters in rīga international airport , latvia .
you will receive pins for the fare paid and the eligible fees included in the total amount of the ticket , such as taxes and fuel charges . pins will only be given for flights operated by airbaltic and the amount of money spent on them . this applies to ancillary products bought on airbaltic website only .
on friday , february 5 , 2016 , three awards from oag arrived in riga for the latvian airline airbaltic . as previously announced in january , oag analysts , who tracked the performance of a total of over 50 million flight records , have ranked the latvian airline airbaltic no 1 globally in punctuality in 2015 , and awarded airbaltic in three categories – the world’s most punctual airline , the most on time airline in the emea region and the first in mainline category .
prime minister maris kucinskis said march 7 that ownership changes might be taking place at national airline airbaltic , in which the state retains an 80 % stake .
the latvian airline airbaltic has achieved its first year of growth after the successful turnaround period , and demonstrated positive results , both on ebit and net income .
airbaltic at the launch of winter 2017 / 18 season plans to expand codeshare routes operated by csa czech airlines , covering additional 3 routes via . . .
however , none of this should allow airbaltic to reduce its focus on cost efficiency , given a cask that is above the levels of its lcc competitors .
for the third month in a row it has been the biggest number of transported passengers in the airline’s history . during the three summer months , airbaltic has transported a total of more than 1 150 000 passengers to its network spanning europe , scandinavia , russia , cis and the middle east , according to airbaltic .
the original ticket type must be basic or premium , and the ticket must be issued as an airbaltic document ( the ticket no . begins with 657 ) .
the then declining airbaltic requested more than 60 million lats in capital investment during august 2011 . continued shareholder speculation and some political scandals hit it hard throughout 2011 .
experiental marketing airbaltic’s creative streak can also be seen in its promotional activities , where the airlines seems to have a preference for 3 - dimensional , moving concepts .
airbaltic this week announced new network expansion at tallinn for winter 2018 / 19 season , as the airline plans to open new service to oslo and . . .
airbaltic in late - august 2017 announced the planned service changes in winter 2017 / 18 season , as 3 destinations being converted to year - round . . .
airbaltic plans to operate its brand new bombardier cs300 aircraft on the route . the flight is scheduled to last 3 hours 30 minutes . one - way ticket prices start at 79 eur , including airport fees and transaction costs . a full schedule of airbaltic flights can be found on the company ' s homepage at urltoken .
subject to regulatory approval , airbaltic plans to place its code on etihad flights beyond abu dhabi to cairo , jakarta , singapore , bangkok , amman and muscat .
with an average headcount of 1 , 076 ( source : airbaltic ) , we calculate that airbaltic’s employee costs per employee were eur42 , 719 in 2012 . this is the second lowest employee cost per employee figure among european airlines ( higher only than wizz air ) and compares with a weighted average of almost eur69 , 000 .
“we are very pleased that we have reached a solution for the company ' s ownership structure so we can continue and develop the company for the best of baltic region . we are also happy to announce that airbaltic will continue its commercial cooperation with the sas group between riga and scandinavia” , says bertolt flick ceo of airbaltic .
airbaltic is well positioned as a hybrid low cost carrier to continue its success in the very competitive european air transport market . its increased capacity , efficient aircraft and low cost base will enable airbaltic to continue expansion as the no 1 baltic carrier . the company will be recruiting around 200 new employees by the end of 2018 .
airbaltic was founded in 1995 , the state of latvia ( 52 . 6 % ) and bas ( 47 . 2 % ) are its major shareholders . airbaltic fleet comprises 29 aircraft : six boeing 737 - 500 , eight boeing 737 - 300 , two boeing 757 - 200 , ten fokker 50 and three bombardier q400next gen .
transport ministry deputy state secretary dzineta innusa explained that the ministry currently has no information as to who has bought the disputed shares for 10 million euros . the transport ministry has turned to riga central district court , asking that any deals with airbaltic shares be put on hold until it becomes clear why airbaltic’s management decided to sell them .
pins recognizes and rewards those customers who have flown an exceptional amount . executive and vip members are entitled to benefits that make their journey with airbaltic even more comfortable .
despite all internal turmoil , airbaltic continues to churn out attention - grabbing innovations . along with differentiating its business class by serving passengers a 3 - course meal based on
airbaltic’s new management has made good progress so far in reducing operating costs and slimming down the structure , but a long term low cost base is not possible without a more streamlined and cost efficient fleet . the carrier hopes for cs300 order to be a corner stone in airbaltic’s turnaround and give employees a more confident outlook for their carrier .
airbaltic has previously received the title of airline of the year 2009 / 2010 ( gold award ) from the european regions airline association . airbaltic is also the winner of air transport world phoenix award 2010 – a global recognition of excellence in restructuring business , an award that has the same meaning for airlines as the oscar award for filmmakers .
five people , who had purchased flight tickets of the cancelled routes , have applied to consumer protection department , the department says it will conduct an investigation regarding airbaltic action .
martin gauss , chief executive officer of airbaltic said in a press statement : “our customers can rely on a consistently punctual service . we are a very proud team at airbaltic to have achieved this result for the second year in a row , especially since we see fewer european carriers in the top 10 ranking compared to a year ago . ”
consulting company prudentia representative karlis skrastins stressed that both airbaltic shareholders will invest around lvl 100 in the airline ' s share capital altogether . initially , lvl 30 million will be provided as a loan , whereas later both shareholders will invest a total of lvl 100 million in the airline ' s share capital in proportion to their stakes in airbaltic .
the agreement says that if all the conditions are met , the share capital of airbaltic will be increased , where the state investment will total lvl 57 . 6 million .
founded in 1995 and nationalized in 2011 because of mounting losses , airbaltic posted a net profit of eur 10 . 6 million last year on revenue of eur 254 million .
in 2016 , airbaltic maintained its revenues at the level of the previous business year , and improved its operational result ( ebit ) by 13 meur , compared to a year earlier , to the level of 3 . 4 meur . the net income reached 1 , 2 meur . airbaltic revenues were influenced by declining yields , at the same time airbaltic increased its passenger numbers by 10 % to almost 3 million travelers . the total number of flights in 2016 was 44 thousand , up from 43 thousand in 2015 .
airlinetrends . com , an independent aviation industry and consumer trends research agency , has ranked airbaltic’s meal pre - order as one of the best airline service innovations in 2013 .
ancillary revenues in recent years , airbaltic has rapidly grown its ancillary revenues . according to airbaltic’s vice president of communications janis vanags , extra revenue per passenger exceeded eur 12 last year – compared with as little as eur 2 in 2007 – and the airline‘s percentage of ancillary revenue as part of total revenues is approaching 15 percent . the main sources of ancillary income for airbaltic are checked bag fees , payment fees , add - on products ( insurances , warrantys , hotels ) , and buy - on - board products .
airbaltic expresses regrets about the incident on september 17 at riga international airport . due to an indication of a technical issue with nose landing gear , airbaltic flight bt641 with bombardier q400 nextgen from riga to zurich ( departure 08 : 04 local time ) , was diverted back to the airport and made an emergency landing at 10 : 26 local time .
[ lsm . lv ] latvia : : airport runway closed as airbaltic plane crash - lands in riga
' according to initial information , a problem with the front chassis was discovered soon after the plane took off , and airbaltic crew made a decision to return to the riga airport . . . '
read full article at : : urltoken
this was a much closer contest , with latvia’s airbaltic edging out turkish airlines by 27 routes to 25 . riga - based airbaltic actually started 31 new routes but dropped four for a net gain of 27 , while turkish airlines also started 31 new routes but dropped six for a net gain of 25 . fourteen of turkish airlines’ new routes were from istanbul’s fast - growing sabiha gökçen airport , while 13 of airbaltic’s new routes were from its riga base , with a further seven from its secondary base in vilnius in neighbouring lithuania .
the 47 . 2 % shareholder of the latvian national airline airbaltic sia baltic aviation systems ( bas ) has changed hands , according to the land register servicing company lursoft information .
, to provide customers with more flight choices and better connections . from now on , airbaltic passengers will be able to reach brazil , portugal , and africa . find more :
mr gauss considers that airbaltic’s fleet , consisting of both boeing 737 and bombardier q400 equipment , gives it the flexibility to adjust capacity to seasonal demand patterns , while maintaining frequencies .
airbalticbag a prime example of an innovative ancillary product is the airline’s airbalticbag . airbaltic normally charges passengers in economy a fee of eur20 to 30 per checked bag per one - way flight . however , instead of just another mundane transaction , regular flyers with the airline can purchase an airbaltic - branded samsonite suitcase that comes in two sizes ( eur169 and eur181 respectively ) , and carry it as free checked luggage on an unlimited number of airbaltic flights for twelve months . passengers are required to register for airbaltic’s balticmiles frequent flyer program in order to receive a personalised ‘free baggage tag’ with their full name and balticmiles number , which must be attached to the samsonite suitcase and correspond with the name on the flight ticket .
airbaltic is followed in the global top 10 ranking by copa airlines , azul , japan airlines , all nippon airways , finnair , tam , austrian airlines , hawaiian airlines and lot .
he said that the state has started looking for a strategic investor for airbaltic , and ideally it would be a large airline . results in this respect can be expected next year .
airbaltic had been seen as favouring the a319neo as its narrowbody replacement . airbus has heavily criticised the cseries , but so far airbus has not attracted too many buyers for its a319neo .
ja sapņo kļūt par pilotu , pasteidzies ! pieteikšanās airbaltic training pilotu akadēmijas rudens grupai ilgs tikai līdz 9 . jūlijam . bet tikmēr vari atrast atbildes uz visiem interesējošajiem jautājumiem mūsu blogā :
for the summer season of 2018 airbaltic has added malaga ( spain ) , lisbon ( portugal ) , split ( croatia ) , bordeaux ( france ) and gdansk ( poland ) .
discounted tikets , tv sets , cars , holiday houses taking its ‘travel megastore’ concept quite literally , airbaltic in the past two years has held several onboard retail campaigns in which it offered passengers the option to buy discounted flight tickets , flat screen tv sets and even a custom - designed mini cooper car in airbaltic colors and sporting the text “i love flyin . ”
airbaltic is based in latvia and operates flights from its main hub located in riga . it is a latvian flag airline and a low - cost carrier that was established in 1995 .
nyras came in to airbaltic at a time when the survival of the airline was in doubt . their innovative approach was the start of a successful five - year programme to return to sustained profitability . core to our long - term plan was their realignment of our aircraft selection process that allowed airbaltic to secure a benchmark deal that has helped underwrite the airline’s future .
airbaltic serves 60 destinations from its home base in riga , latvia , spanning europe , scandinavia , russia , cis and the middle east . for summer 2013 , airbaltic has introduced six new destinations – prague ( czech republic ) , heviz - balaton ( hungary ) , olbia ( sardinia , italy ) , rijeka ( croatia ) , larnaca ( cyprus ) , and malta .
the financial - - provisional data show that in august 2017 , the latvian airline airbaltic carried more than 380 000 passengers or roughly 20 % more than in the same period of 2016 .
martin gauss , chief executive officer of airbaltic : “we put very high focus on our customers and the service they receive before , during and after their flight . user friendly mobile booking services , a wide variety of inflight meals and an exceptional customer service is a crucial part for expansion of our business . airbaltic celebrates this global recognition together with the awarded crew members . ”
despite its hybrid features , airbaltic’s chief commercial officer tero taskila says the airline’s cost per average seat kilometer are on par with the likes of easyjet and norwegian and 30 to 40 percent lower than finnair and sas . interestingly , airbaltic sees turkish airlines , which has also established an extensive network in europec coupled with a low cost base , as one of its main emerging competitors .
latvia’s national carrier airbaltic will gradually renew its fleet with cs300 aircraft made by canadian bombardier and will sell its boeing 737 planes , the company’s ceo martin gauss told the press leta on friday .
the airline has been state owned since november 2011 . airbaltic has codeshare agreements with some members of the skyteam and star alliance . the airline runs its own frequent flyer program named baltic miles .
want to read more about the arrival of the cs300 ? stop by the airbaltic blog to find out how we’re preparing for the big moment and be the first to know about cs300 news .
an airbaltic spokesperson told capa that the company aims to sign a firm agreement with bombardier “shortly” and that pre - delivery payments will come from the company’s own cash flow . airbaltic corp’s supervisory board , which includes members of its primary shareholder , the latvian state ( which has owned 99 . 8 % of the company’s shares since the end of 2011 ) , has endorsed the cseries order .
“bombardier’s cs300 airliners are integral to the execution of airbaltic’s business development strategy horizon 2021 and fleet optimisation plan , ” said gauss . “with its longer range capabilities , lower fuel burn and reduced noise emissions compared to other airliners in its segment , the cs300 aircraft will enable airbaltic to open new routes and connect people all across europe , while offering passengers an unparalleled in - flight experience .
airbaltic has gone through three main stages of development since the beginning of the 21st century . from 2000 to 2003 , capacity growth ( ask ) was modest and revenue growth more or less matched capacity . over this period , the fleet grew from six to nine aircraft . next came a period of rapid expansion , with airbaltic growing its capacity almost three times more than the market by 2008 .
according to previous media reports , latvijas krajbanka and snoras are airbaltic creditors , investbank is associated with snoras shareholders
, taurus asset management fund limited is one of the bas shareholders , where russian citizen andrei rudeshko is the actual beneficiary . transatlantic holdings company is the entity that previously announced buying 59 , 110 airbaltic shares ( the so - called sas stake ) for eur 9 , 622 million .
when their current business were going well , the former flylal owners showed little interest in confronting airbaltic , but when they faced problems , their interest in legal action would suddenly revive , vanags suggested .
business class : local , organic catering , nespresso coffee besides its focus on transit traffic , other ‘hybrid’ features of airbaltic include a separate business class cabin , airport lounge and a frequent flyer program .
during the first six months of 2017 , airbaltic has carried a total of 1 565 462 passengers throughout its network spanning europe , scandinavia , russia , cis and the middle east , which is the second highest number of passengers in the history of the airline . airbaltic’s improved connectivity , efficient aircraft and low cost base will further enable to continue its expansion as no 1 carrier of the baltic region .
airbaltic has a strong share of seats at its riga hub , with 61 % . nevertheless , it faces growing competition from foreign competitors , in particular lccs . ryanair is number two at riga , with 18 % of seats , and wizz air number three with 4 % . lufthansa and aeroflot , fourth and fifth respectively , are both codeshare partners of airbaltic , as is ninth - placed transaero .
leta reported that last year airbaltic performed 43 , 000 flights and carried 2 . 6 million passengers . the average load factor was 71 % , and the average yield per passenger was €94 . 2 .
gauss also points out former airbaltic ceo bertolt flick ' s contribution in the past . without flick ' s efforts , the airline would not have been as strong as it is now , notes gauss .
the latvian cabinet of ministers has approved plans to sell 20 % of airbaltic to german investor ralf dieter montag - girmes for eur 52 million and agreed to invest a further eur 80 million in the airline . the total of eur 132 million of fresh capital for the latvian carrier will spur its horizon 2021 business plan and fleet modernisation . , informed bc vice president of corporate communications at airbaltic janis vanags .
latvian national airline airbaltic will appeal against a lithuanian court ruling that it must pay substantial compensation to a bankrupt former competitor , company spokesman janis vanags told ltv ' s rita panorama news show friday morning .
a previous lithuanian court decision in 2008 even went so far as to order the seizure of airbaltic ' s headquarters at riga airport - though the ruling was completely unenforceable as it was outside lithuanian jurisdiction .
the problem is that airbaltic’s cask has been growing since 2009 and it remains higher than its rask ( calculated using total revenues ) . the good news for airbaltic is that cask growth is slowing and that rask has also grown since 2009 , so that the gap between the two is narrowing . the company’s 2013 plan sees a further narrowing of the gap , based on stable rask and a fall in cask .
airbaltic’s short - haul focus is reflected in the concentration of its weekly frequencies around routes of a roughly two hour flight duration . of its 42 destinations , it serves almost half ( 22 ) with less than a daily frequency and only nine with a frequency of twice daily or more . local capital cities helsinki , vilnius and tallinn are airbaltic’s most highly served destinations , each with a four times daily schedule .
airbaltic , latvia ' s flag carrier airline , is
stable like never before
, as it posted a profit of €19m last year , transport minister uldis augulis ( greens ) told latvian television thursday .
the airline hopes to receive its first cs300 in the final quarter of 2015 . the bulk of the firm order for 10 of the aircraft is scheduled for delivery in 2016 , an airbaltic spokesperson told capa .
martin gauss , chief executive officer of airbaltic : “our customers can rely on a consistently punctual service . airbaltic team is extremely proud to have been ranked as the world’s most punctual airline for the second year running . we have history of excelling in punctuality , but with around 94 flights out of 100 arriving on or ahead of schedule , we have managed to maintain our position at the very top for two years . ”
on a city pair basis , airbaltic already faces lcc competition on three of its top 10 routes : the scandinavian capitals stockholm , copenhagen and oslo . on stockholm , both ryanair and norwegian are present , while these two are joined by wizz air on oslo . airbaltic faces competition from all three principal russian operators on riga to moscow ( although it also has codeshare agreements with two of them , aeroflot and transaero ) .
latvian national airline airbaltic is set to become an all bombardier operator following its decision to replace its aging 737 fleet with bombardier’s cseries as it forges ahead with a restructuring plan to return to profitability . airbaltic has signed a letter of intent ( loi ) to acquire 10 cs300 jetliners and take purchase rights on a further 10 cs300s with the first of the new aircraft scheduled to arrive at the airline’s base in riga in 4q2015 .


folio corporation was founded in 1987 by curt allen and his brother-in-law brad pelo .

it quickly gained recognition for helping other companies to publish content on local area networks and on digital cd-roms for use on desktop computers .

allen and pelo were both students at byu ; allen was in mechanical engineering and pelo was in public policy .

during the 1986 summer break , they began working on a computer program that would index , compress , and continually update text information .

success came in 1988 when novell agreed to provide a read-only version of folio 's software with every netware operating system that novell shipped .

folio corporation

folio corp . released folio 4 , replacing the latest version of folio bound views , 3 . 11 . 2 .
folio builder was a product
tool set
for building the infobases at the core of folio 4 . folio builder indexed and compiled ascii , word , wordperfect , framemaker , and folio flat files into an infobase and provides a developer with encryption , compression , and security options . folio builder was previously called the infobase production kit . the folio product line included folio sitedirector , folio views , folio builder , folio publisher , folio integrator , folio 4 , livepublish and securepublish .
as its technology continued to improve , folio ' s web retriever later became known folio sitedirector , then folio livepublish , then nextpage nxt .
deems the amalgamated corporation to be a new corporation for the purposes of the act .
led folio corporation in riverdale , nj specializes in trades outside the scope of home improvement .
2000 update : all folio dos programs have been retired . folio is now part of open market
nfolio was renamed to folio views , and folio view 2 . 1 was a dos program .
principal subsidiaries : mead data central international , inc . ; the michie company ; folio corporation .
cambridge , massachusetts - based open market retained folio ' s 190 employees at folio ' s provo , utah , headquarters . folio was to operate as a division of open market under folio president bill bennett .
1 . 65 refunds of tax paid by a predecessor corporation made after the amalgamation will usually be issued to the new corporation . tax debts of a predecessor corporation can be collected by the cra from the amalgamated corporation as well as the predecessor corporation
. accordingly , when shares of a predecessor corporation are exchanged for shares of the amalgamated corporation on an amalgamation , each shareholder of the predecessor corporation will be considered to have disposed of their predecessor corporation shares .
also deems the new corporation to be the same corporation as , and a continuation of , the predecessor corporation in respect of that partnership interest . consequently , any negative adjusted cost base of the partnership interest to the predecessor corporation will flow through to the new corporation .
the shareholder received no consideration for the disposition of the predecessor corporation shares other than shares of the new corporation .
capital of any shares of a predecessor corporation held by another predecessor corporation ) immediately before the amalgamation or merger .
corporation will act together to control the corporation . in order to rebut this presumption , it would be necessary to show that no one is controlling the corporation and that the
provides a truer picture of the new corporation ' s income , the new corporation may adopt such valuation method . .
, owed by one corporation to another corporation is cancelled or extinguished on an amalgamation of those corporations . the application of
led folio corporation has not filed any lca for h1b visa or lc for green card from fiscal year 2015 to 2017 .
) to be acquired , following which the target corporation is amalgamated either with the corporation that acquired control of it or with a corporation related to the controller . in such circumstances ,
of computing income are included in the new corporation ' s income when they become receivable . where a predecessor corporation used the
in respect of the parent corporation . as a result , the new corporation formed on a qualifying vertical amalgamation can apply its
may be applied to successive amalgamations of a parent corporation to allow the losses incurred by the new corporation to be carried back to offset the taxable income of the original predecessor parent corporation .
generally does not allow losses incurred by the new corporation to be carried back and applied against the taxable income of any predecessor corporation , nor does it affect the determination of the fiscal periods or incomes of the new corporation or any predecessor corporation . however , for amalgamations of a corporation ( referred to in this paragraph and
will not be denied solely because a shareholder of a predecessor corporation receives cash or other consideration in lieu of fractional shares of the new corporation . where a former shareholder of a predecessor corporation receives any
©2018 by folio fn , inc . all rights reserved . securities products and services made available through folio investments inc . member finra / sipc .
1 . 62 similarly , the amalgamated corporation may , on behalf of a predecessor corporation , prepare and file information returns and slips under the various provisions of the act if the laws governing the amalgamation provide for the continuation of the predecessor corporation in the amalgamated corporation .
subsection 80 . 01 ( 3 ) relates to an amalgamation of a debtor corporation and a creditor corporation . the provision applies where an
( ii ) if a hypothetical person had , immediately after the amalgamation , acquired all of the shares of the new corporation received by the shareholders of the particular predecessor corporation ( or another predecessor corporation that controlled the particular predecessor corporation ) on the amalgamation in exchange for their shares of the predecessor corporation ( or the other predecessor corporation , as the case may be ) , that hypothetical person would have acquired control of the new corporation . for example , this exception would apply to a particular predecessor corporation where on an amalgamation its shareholders collectively received more
deems the new corporation to be the same corporation as and a continuation of each predecessor corporation for purposes of the provisions of the act which deal with repayments of assistance . therefore , where the new corporation repays all or any part of such assistance that was received by a predecessor corporation , the repayment is treated in the same manner as described in
. similarly , if an assessment ( or reassessment ) has been received by a predecessor corporation and the predecessor corporation commenced an appeal prior to amalgamation , the new corporation will be able to continue the appeal .
rocket® folio , an application based platform , provides robust search , content management , and publishing from the desktop or delivered via cd / dvd / usb . folio converts files into the folio - views format for use or editing .
cambridge , massachusetts - based open market will retain folio ' s 190 employees , who will remain at the company ' s provo , utah , headquarters . folio will operate as a division of open market under folio president bill bennett .
capital of any shares held by one predecessor corporation in another predecessor corporation ) , even if the governing corporate law would dictate a higher amount .
will be applicable . for example , if an amalgamation results in an acquisition of control of a predecessor corporation , that predecessor corporation ' s net capital losses will not be inherited by the new corporation . further , any
corporation to be applied against the taxable income of the predecessor parent corporation for any tax year prior to the amalgamation . it also does not permit the
may apply to the new corporation in respect of unpaid interest on a debt that is inherited by it from a predecessor corporation . for example , in
may cause a shift of adjusted cost base from one class of shares of a predecessor corporation to a different class of shares of the new corporation if the shareholder owned more than one class of shares of the predecessor corporation .
capital reduction that applied to the specific class of shares of the predecessor corporation would flow through to the particular class of shares of the new corporation .
of the shares in the capital stock of the corporation . the conclusion was that at the time the taxpayer guaranteed the debts of the corporation , the
todd mickelsen , senior director of product marketing and management of folio , said that folio is working on an upgrade to folio views that will import and index xml - tagged documents directly , and then retain them in xml format within the infobase . he said that he expects folio to be able to demonstrate such support in 1998 .
rocket software announced that it has acquired the folio and nxt business from microsoft . folio and nxt customers will obtain support and new product releases directly from rocket software .
excludes any capital loss from a disposition of a debt owing to the corporation by a ccpc with whom the corporation does not deal at arm’s length . therefore , any capital loss resulting from a disposition by a corporation of a debt owing to the corporation by a ccpc with whom it does not deal at
a corporation that is related to another corporation by virtue of being a subsidiary of that corporation ( e . g . , controlled by that corporation ) , having the same parent company as the other corporation ( i . e . , they are both subsidiaries of / controlled by the same corporation ) or being controlled by the same person or group of persons . ( business corporations act , ss . 1
affiliate
, and 2 ( 1 ) )
in the case of an amalgamation or merger , there may not technically be a disposition of property from a predecessor corporation to the new corporation . accordingly ,
deems the corporation to be controlled by the related group . this will be the case even if it is part of a larger group that in fact controls the corporation . however , where a corporation is controlled by a single person ,
purchase and sale agreement [ amendment ] - folio corp . and vision iv properties llc
the folio’s percentage return during the month ending on the date listed above the returns .
is applied concurrently as if the new corporation is the same corporation as , and a continuation of , the first mentioned predecessor corporation . in this way , the ucc of the leasehold interest is carried over to the new corporation . if and to the extent the regulations permit , the new corporation may claim capital cost allowance in respect of the leasehold interest . the predecessor corporation may not claim a terminal loss in respect of the leasehold interest and the capital cost allowance claimed by it becomes subject to the recapture rules in the hands of the new corporation .
with the corporation merely because he or she owns shares of the corporation . however , if a sufficient number of minority shareholders act in concert in order to direct the affairs of a corporation , they may be considered not to be dealing at
data corporation contracts with ohio bar association to create a computerized legal research system .
of the target corporation immediately before the time that control is acquired . also ,
the corporation , or a corporation controlled by it , commences to carry on business within 24 months of that deemed disposition ( the 24 - month window ) .
may arise when the shares of that corporation are redeemed or purchased for cancellation .
if the laws governing an amalgamation provide that the predecessor corporations are continued in the amalgamated corporation , the amalgamated corporation may file an election under the various provisions contained in the act on behalf of a predecessor corporation provided that the predecessor corporation itself would otherwise have been eligible to file the election on its own behalf if the amalgamation had not occurred . for example , the amalgamated corporation may file an election under
provides that the new corporation ' s cost of a partnership interest held by the predecessor corporation is equal to the cost of that interest to the predecessor corporation . to ensure that all adjustments required to be made by the predecessor corporation in computing the adjusted cost base of the partnership interest will be taken into account in computing the new corporation ' s capital gain or loss on a subsequent disposition of the interest ,
deems the parent shares received by the shareholders of a predecessor corporation to be shares of the new corporation for certain purposes . as a result , the condition described in
will not apply to deem a dividend to have been paid or received where shares of a predecessor corporation are converted into shares of the new corporation on an amalgamation .
stock purchase agreement - open market inc . , reed elsevier inc . and folio corp .
folio released web retreiver 2 . 0 , to import web content into infobase indexed documents .
the folio’s percentage return during the three months ending on the date listed above the returns .
rocket software ( urltoken ) , a global developer of enterprise infrastructure products , today announced that it has acquired the folio and nxt business from microsoft corporation ( nasdaq : msft ) . folio and nxt customers will obtain support and new product releases directly from rocket software .
) deems property that is inventory of the new corporation at the beginning of its first tax year to have been acquired by it for the amount that the property was valued by the particular predecessor corporation for its tax year ending immediately before the amalgamation . if a predecessor corporation used the cash method to compute its income from a farming business , the new corporation will be deemed to have acquired the inventory of that predecessor corporation at a cost equal to the amount included in the predecessor corporation ' s income under
will not otherwise apply to deem a shareholder of a predecessor corporation to have received a dividend where the shareholder exercises its statutory dissent rights in respect of the amalgamation and receives payment for its shares from the new corporation . in such circumstances , the new corporation is paying the dissenting shareholder for its shares of the predecessor corporation . therefore the new corporation has not redeemed , acquired or cancelled shares of its capital stock as required for
, the capital cost to the new corporation of depreciable property of a prescribed class acquired by it on the amalgamation will equal the cost amount , immediately before the amalgamation , to a predecessor corporation of each property included in that class by the new corporation .
sitedirector upgrade . in other news , folio recently released version 4 . 1 of sitedirector . in this version , folio opted to omit bundling a customized version of the allaire homesite html editor . instead , folio focused on reducing the complexity of utilizing infobase variables from within sitedirector template pages . some 60 independent variables have been consolidated into 12 master variables , according to folio .
if an assessment ( or reassessment ) of a predecessor corporation is made after amalgamation , it will usually be issued to the new corporation which will have the same rights as the predecessor corporation to file a notice of objection and to appeal the assessment ( or reassessment ) . however , where the governing corporate law considers the new corporation formed on an amalgamation to be a continuation of the predecessor corporations , an assessment or reassessment issued in the name of the predecessor corporation is valid and enforceable against the new corporation ( see
open questions . that’s not to say that it will be smooth sailing for folio . glenn kessler , an independent consultant who had extensive experience with folio when he was vp of emerging technology at the research institute of america , expressed the potential risks that this change represents for folio .
with ) a predecessor corporation where the two corporations would have been related immediately before the amalgamation if the new corporation had been in existence at that time with the same shareholders that it had after the amalgamation . for example , a predecessor corporation will be deemed to be related to the new corporation where the predecessor corporation was , immediately before the amalgamation , controlled by a person or group of persons and the new corporation was , immediately following the amalgamation , controlled by that same person or group of persons . in addition ,
provides that where a person or group of persons controls the new corporation immediately after the amalgamation and that person or group did not control a particular predecessor corporation immediately before the amalgamation , that person or group is deemed to have acquired immediately before the amalgamation control of that predecessor corporation and of each corporation controlled by that predecessor corporation at that time . this provision will not apply , however , if the person or group of persons which controls the new corporation would not have acquired control of the particular predecessor corporation if that person or group had acquired all of the shares of the predecessor corporation immediately before the amalgamation . for example , on the amalgamation of two or more corporations which were controlled by related persons prior to the amalgamation , no acquisition of control of a predecessor corporation will occur because
applies the provisions of the act to the new corporation as if it had incurred or issued the debt on the same terms and at the same time as the predecessor corporation .
the folio’s average annual percentage return since it was created . if the folio inception date was less than year ago , the figure will be the total return since inception , instead of annualized .
the folio’s percentage return from the beginning of the year to the date listed above the returns .
are necessary to compute the new corporation ' s income . in general , these rules will deem the new corporation to be the same corporation as , and a continuation of , the predecessor corporations for the purposes of computing its income . however , in determining the tax consequences to the new corporation , reference should be made to the particular provision in question .
last month open market essentially undid its february 1977 acquisition of another publishing software firm , folio . in exchange for at least $ 14 million in royalties , open market gave a new company led by folio co - founder brad pelo exclusive rights to market the folio publishing software for three years .
s thompson corporation , and the newly formed anglo - dutch conglomerate , reed elsevier plc .
1 . 28 paragraphs 87 ( 2 ) ( d ) and ( d . 1 ) generally provide a rollover of a predecessor corporation ' s depreciable property to the new corporation .
deems the new corporation , to have granted such option and to have received proceeds equal to the amount of consideration previously received by the predecessor corporation for the granting of the option .
of the regulations will apply following a qualifying amalgamation to include the period throughout which the employee of the new corporation was employed by , and received remuneration from , the predecessor corporation .
the company today agreed to acquire text management software firm folio , marking its second acquisition this month .
folio ( urltoken ) , a division of open market , jumped on the xml bandwagon with a significant announcement last month that foreshadows its plan to
open
folio infobases to enable documents to be indexed and secured in their native formats rather than requiring prior conversion to folio’s flat - file markup language .
purchase and sale agreement - folio corp . , vision iv properties llc and first american title co .
folio 4 . 2 was released by open market . at the same time , open market released livepublish to replace the earlier folio sitedirector . ( a sitedirector license was priced at $ 4 , 995 )
this is the date a ready - to - go folio was created and made available to buy .
of computing income on construction contracts , the deferred costs and revenues pertaining to all uncompleted jobs of that corporation flow through to the new corporation if the latter also adopts the completion method .
in respect of an amount not yet due from a predecessor corporation will not become disentitled to the reserve by virtue of the amount becoming an obligation of the new corporation on the amalgamation .
you likley want to get your hands on a copy of folio views for windows or macintosh . first , keep in mind that there are differences between the 3 . x and 4 . x infobases . you need to find out which version of folio products produced your infobase . if nothing else , folio views 4 . x will read the older nfo files . you want to export the infobase from folio views to a folio flat file ( fff , very simple sgmlish , but not quite sgml text ) .
of the regulations deems property of a prescribed class or separate prescribed class of the predecessor corporation immediately before the amalgamation to be property of that same prescribed class or separate prescribed class of the new corporation . for instance , where a property of a predecessor corporation is a timber limit which
) - - led folio corporation , a maker of cutting - edge , energy - efficient solid state lighting fixtures , has contracted with gucci for the illumination of their pilot store in midtown manhattan .
rollover where a taxpayer ( except any predecessor corporation ) owned an option to acquire shares of a predecessor corporation as capital property and , on the amalgamation of the predecessor corporation with one or more other corporations , received no consideration other than an option to acquire shares of the new corporation . there is no requirement that the shares to be acquired under the exchanged option be similar to those covered by the original option . for example , an option to acquire common shares of the predecessor corporation may be exchanged for an option to acquire preferred shares of the new corporation . where
folio has been in use at chubb for five years , and at this point , the company is in the midst of deploying about 500 native folio applications over an intranet to about 9 , 000 employees .
folio , a rich - client application suite for assembling , securing and publishing reference information , began its existence as folio corporation in 1987 , before being purchased by mead data central ( lexis - nexis ) , open market and nextpage before being acquired by fast ( fast search & transfer ) in 2004 .
) . also , the direct management voice of any minority shareholder who holds an officer ' s position with a corporation may be relevant in assessing that shareholder ' s relationship with that corporation .
. as the industry continued to consolidate , in 1996 canadian publisher thompson corporation bought west publishing .
will apply to deem the target corporation ' s tax year to end immediately before the amalgamation .
for the tax year immediately before the amalgamation . where the new corporation also computes its income under the cash method , the cost of the inventory will be deemed to be an amount paid by the new corporation . the new corporation will be entitled to deduct the cost of the inventory under
corporation for any tax year prior to the amalgamation . effectively , following a qualifying vertical amalgamation ,
capital is to be allocated to the issued shares of the new corporation . where the streaming of
) ( i ) deems the capital cost to the new corporation of depreciable property of a prescribed class acquired from a predecessor corporation to be the amount that was the capital cost of such property to the predecessor corporation . where a predecessor ' s capital cost of a depreciable property was reduced under
applied to deem the taxpayer’s capital loss to be nil where the loss arose from a debt owed to the taxpayer by a corporation in respect of a payment she made in honour of a guarantee of the corporation’s debts . the taxpayer was not a shareholder of the corporation , although her husband held
folio corp . sold to lexis - nexis ( reed elsevier group ) , business and government information solutions .
1 . 23 if the act is silent on the treatment of a particular tax attribute of a predecessor corporation , that attribute generally does not flow through to the new corporation on a qualifying amalgamation .
folio corporation was founded in 1987 and was subsequently owned by mead data central ( lexis - nexis ) , open market and nextpage before its technology was acquired by fast search & transfer ( fast ) in 2004 ; in 2008 fast was acquired by microsoft . the folio and nxt products facilitate the management of online content .
vertical or horizontal amalgamation to be shares of the new corporation . as a result , the condition in
cannot affect the determination of any predecessor corporation ' s fiscal period , taxable income or tax payable .
in certain amalgamations , the shares of a predecessor corporation which were listed on a designated stock exchange may be temporarily exchanged for shares of the new corporation which are not listed on a designated stock exchange .
folio nfo files are too much of a niche format to have already been reverse engineered , so you likely want a text dump of the content . this is not a problem , as folio software does have export abilities .
1 . 77 where one predecessor corporation holds shares of another predecessor corporation , the cancellation of those shares on the amalgamation will not normally give rise to a gain or loss in the hands of the shareholder corporation , by virtue of paragraph ( n ) of the term disposition in subsection 248 ( 1 ) .
mickelsen said folio also intends to support the extensible style language ( xsl ) and extensible linking language ( xll ) in future releases of its folio product line , but he declined to be specific about the timing of such support .
will deem control of the target corporation to have been acquired immediately before the horizontal amalgamation . by virtue of
and will generally be limited to specified resource income from the resource property acquired from the particular predecessor corporation .
a stock dividend occurs when a corporation pays a dividend in stock instead of paying the dividend in cash .
. in 1990 paul allen and dan taggart , two graduates of byu , created infobases , inc . , and began offering lds publications on computer floppy disks . they chose to use folio views as their infobase indexing and presentation technology that allen was familiar with , having worked at folio corporation since that company ' s founding in 1987 . following
purchase and sale agreement [ amendment ] - folio corp . and vision iv properties llc - sample contracts and business forms
open market ceased to sell folio ' s products and instead licensed them to a company known then as absb , led by one of folio ' s founders . absb , later known as nextpage , and open market completed an agreement giving nextpage exclusive rights to the future development , marketing , sales and support of open market ' s folio product line .
absb announced that it would launch the new folio product for its document distribution business under a new name , nextpage .
subsection 248 ( 1 ) defines a shareholder to include a member or other person entitled to receive a dividend . therefore , a person can be a shareholder of a corporation even if that person does not own any shares of the corporation . an example would be a policyholder of a mutual insurance corporation . the fact that such a shareholder does not receive any shares of the new corporation because of the amalgamation will not cause the requirement described
of the regulations will apply in determining the new corporation ' s maximum capital cost allowance otherwise allowable on most depreciable property acquired from a predecessor corporation unless the conditions set out in paragraph 1100 ( 2 . 2 ) (
will not apply to deem the corporation to be controlled by a group of persons , whether related or not .
solely because certain shareholders of a predecessor corporation receive consideration that is not shares of the new corporation , such as cash , by virtue of exercising the statutory right available in certain jurisdictions to dissent to the amalgamation . further ,
stock purchase agreement - open market inc . , reed elsevier inc . and folio corp . - sample contracts and business forms
we are very excited that rocket has acquired the folio and nxt products . rocket is well - positioned to offer top notch service and support to the folio and nxt customers and partners , ” said fast ceo and microsoft distinguished engineer bjørn olstad .
capital of any shares of a predecessor corporation held by the parent or held by another predecessor corporation or shares of a predecessor corporation held by any other person that were not exchanged for shares of the parent on the amalgamation or merger ) . where shares of more than one class of the parent are issued on the amalgamation or merger , any
as described in ¶1 . 26 , the new corporation acquires its inventory at the value used by its predecessor corporations . the new corporation will generally be expected to follow the inventory valuation method adopted by its predecessor corporations for the purposes of computing its income . where , however , the new corporation can establish that another valuation method which is sanctioned by
has control of the corporation will depend upon the facts of each case , including the terms of the trust agreement .
deems the corporation formed on a qualifying amalgamation to be a new corporation for purposes of the act . in general , the new corporation formed on a qualifying amalgamation is considered to be a continuation of the predecessor corporations for most purposes of the act . in addition , the shareholders of the predecessor corporations are generally deemed to have disposed of their shares for proceeds equal to their adjusted cost base and to have acquired their shares of the new corporation at that same amount .
e - commerce software maker open market gobbles up folio , a text management software firm , in its second acquisition this month .
sitedirector was developed as a way for companies to publish information previously available only in lan - based versions of folio ' s software . several companies that use folio ' s products internally were adding sitedirector to sell access to their private repositories on the web .
folio corporation was founded and quickly became the leader in publishing content on cd rom . the first product , nfolio 1 . 2 , was shipped in september 1988 as part of novell netware . users typing
help
at any dos prompt on a novell network were presented with the online netware manuals in folio infobase format . over the years , folio was propagated as part of novell ' s netware , to an estimated 25 million desktops . ( from a nextpage press release dated july 9 , 2004 )
selling such publishing applications as nxt and folio to fast , nextpage is left to focus on launching a new document - management service .
purchase and sale agreement - folio corp . , vision iv properties llc and first american title co . - sample contracts and business forms
( b ) a right or option to acquire shares of another predecessor corporation which right or option terminates on the amalgamation .
as noted in ¶1 . 37 , the designation of any bump amount must normally be made in the new corporation ' s
provides that the provisions of the act do not apply in respect of the transfer of the debt to the new corporation . therefore , there are generally no immediate tax consequences as a result of the assumption of the debt by the new corporation .
. as a result , no double taxation of the same gain would arise when the new corporation actually repays the debt .
amalgamation , the issued shares of one of the predecessor corporations become shares of the new corporation under the relevant corporate legislation .
generally permit the corporation to move the recognition of the consideration for granting the option from the year of the option grant to the year in which the option is exercised . where a predecessor corporation has granted such an option and that option is exercised following an amalgamation , there is no provision in the act which allows the consideration for granting the option to be moved from the year of grant ( for the predecessor corporation ) to the year of exercise ( for the new corporation ) . specifically ,
a collection of data , identified by a roll number , that consists of ownership , actual value and other information required for assessment purposes . the data in a folio usually describes one parcel and any improvements on it . a folio may describe multiple parcels and their improvements , or a portion of a parcel and / or the improvements on such a parcel . folio is synonymous with ( assessment ) roll number .
along with its own plane seat , the folio travels with its own pillow that has been designed to protect the binding and the spine .
hochwald , lambert / / folio : the magazine for magazine management ; 6 / 15 / 94 , vol . 23 issue 11 , p15
back in 1987 , curt allen , and his brother - in - law brad pelo , both students at brigham young university , founded a company called folio corporation to publish content on local area networks , and on digital cd - roms for use on desktop computers .
to cause the reduction of voting rights of a corporation ' s shares owned by other shareholders , the person is deemed to be in the same position , relative to the control of the corporation , as if the voting rights were reduced at that time .
will not be applicable to provide a rollover where a new partnership is formed having the new corporation as one of its partners .
applies , resource properties are considered to become property of the new corporation and no disposition occurs . furthermore , for the purposes of
a cash dividend occurs when a corporation decides to distribute some of its earnings or profits to shareholders in the form of a cash payment . you will not receive advance notice of a dividend payment if you own stock in a corporation that declares a cash dividend .
while ohio attorneys were finding citations more quickly , the mead corporation , a longtime paper - making company based in dayton , was deciding that it needed to diversify to counter the cyclical ups and downs of the paper industry . mead chose to move into high technology and in 1968 paid $ 6 million for data corporation , which it renamed mead technology laboratories . mead was particularly interested in data corporation
the folio and future tense products and markets are radically different ,
said jay fiore , open market ' s director of corporate marketing .
folio ' s vision was around enabling large commercial publishers to sell content online ,
fiore said .
we ' ve discovered that there ' s a much larger component of content management , delivering personalized content that folio products don ' t address but future tense does well .
as for the flat - file markup language that folio customers currently use for importing documents , mickelson said that folio will continue to support it . however , the company has made a strategic decision to migrate the views product toward direct import and export support for xml and other native formats .
lee gibbons , director of electronic product development for legal publisher matthew bender , also expressed his satisfaction that folio was headed in the right direction .
microsoft has announced it will divest itself of two enterprise online content management tools , namely folio and nxt , in a deal with rocket software .
folio in my recollection is an early cms system . the company has had a number of owners , including lexisnexis . the company said here :
mr . a is the sole trustee of a particular trust that owns all of the issued shares in the capital of a corporation .
deems the predecessor corporation to have disposed of its partnership interest immediately before the amalgamation for proceeds of disposition equal to its adjusted cost base . it also deems the new corporation to have acquired the partnership interest at a cost equal to those proceeds . as a result ,
( ii ) the fair market value , immediately after the amalgamation , of all shares of the new corporation acquired by the shareholder .
the file nfomgr4 . dll is a 32bit windows dll module for folio integrator software or other related programs . the file and the associated folio integrator software was developed by nextpage , inc . . the file was licensed as copyright © 1992 - 1999 nextpage , inc . all rights reserved . .
in february 1998 , open market anounced that folio would make use of the new standrads xml for content , and xsl for style . ( source )
open market licensed folio technology to itm products for that company ' s new fusion technology to bridge between lotus notes databases to folio infobases . ( the fusion product sold for about $ 15 , 000 for a 300 - seat license . ) ( information week on line , june 1 , 1998 )
folio investing , like other brokers , is required by federal law to help fund the securities and exchange commission ( sec ) . the charge folio investing applies to your transactions is based on the current fee as set by the united states congress . sro fees only apply to sales - based transactions .
of the regulations , the time of acquisition of the property determines its prescribed class . however , where a predecessor corporation was not dealing at
would otherwise apply to deem control of each predecessor corporation to have been acquired in an amalgamation of two corporations or two corporations and one or more of their controlled subsidiaries . for example , this exception would apply where two corporations of equal value amalgamated and the shareholders of each corporation
note : a society that is created under the society act of bc or the canada corporations act will be a non - profit corporation .
note : a society that is created under the society act of bc or the canada corporations act will be a non - profit corporation .
property was transferred as a corporate asset in purchase of a corporation . the reported sale price may reflect book value rather than market value .
folio was sold to nextpage , for the stated amount of $ 6 . 6 million . open market had licensed the folio technology to nextpage in july 1999 . included in the march 2001 sale was the building and facilities , which nextpage had only leased from open market after the initial deal in 1999 .
tip : my former employer newsview solutions [ newsviewsolutions . com ] is one of the few oems still selling folio - branded products , and still uses the folio views 4 . x products alongside with their digital asset management software . they could sell you a copy of views ( i forget about pricing ) .
though he believes folio must move toward open data formats , kessler sees other competitors already in that space , posing new challenges for the company .
it’s an open question how well folio will compete in online delivery of information in open formats ,
kessler said .
with folio , it was often difficult to go from sgml to the infobase format . this is definitely a step in the right direction . but they should have focused on this before now .
the property is taken from a private individual or corporation by government in exchange for compensation . the sale does not generally involve a motivated vendor .
provides that shares are disposed of by the shareholder to the corporation at the time they are redeemed , acquired or cancelled by the corporation . any deemed dividend on a redemption , acquisition or cancellation of a share may reduce the business investment loss ( see ¶1 . 52 , and ¶1 . 53
open market will combine folio ' s text management software with its e - commerce transaction management package to provide new products for companies selling information - based services .
designated seats are usually reserved for human travellers but a rare copy of shakespeare ' s first folio has taken a flight from sydney to brisbane safely buckled up .
on the july 1 , 1999 date , all of open market ' s folio - related contracts , partnerships and licenses were transferred to absb ( nextpage ) . in addition , nearly all of open market ' s 90 folio employees were retained to work in the new company that was to be headquartered in provo , utah .
folio is presented as a tribute to individuals and organizations whose work in graphic communications merits acclaim .
- - folio 1 , p . [ 2 ] of cover . each issue has a theme and designer . ended with issue 12 ?
sanders printing corporation , letterpress and lithography since 1895 , 350 hudson street , new york , n . y .
topic graphic design ( typography ) - - history printing - - history commercial art - - history smithsonian libraries author sanders printing corporation subject sanders printing corporation physical description v . : ill . ( some col . ) ; 20 x 23 cm 1960 1969 [ 196 - ? - 196 - ? ] 20th century place united states new york ( state ) new york type periodicals call number nc997 . a1 f64
where a payment is made by a taxpayer to honour a guarantee in respect of a corporation ' s liabilities , a debt arises at that time between the corporation and the taxpayer . in some cases , the guarantee payment might be made at a point in time when the corporation no longer qualifies as an sbc . this could preclude any resulting capital loss from being treated as a business investment loss . however , for purposes of applying the definition of
with an optional dividend , the corporation paying the dividend gives shareholders the option of receiving payment in cash , securities , or some combination of both .
when a stock splits , a corporation increases the number of its shares outstanding . as a result , the price - per - share usually decreases .
( b ) after the amalgamation , the number of shareholders of each class , their proportionate ownership of each class , the number of issued shares of each class , the issued capital of each class for corporate law purposes and the terms and conditions of each class of shares of the new corporation are identical to those that existed for the particular class of shares of the predecessor corporation which were converted into that separate class of shares of the new corporation .
the small size and blazing speed of folio infobases have been key selling points .
what will be the tradeoff in index size and performance ?
kessler asked .
s increased focus on the environment , led folio is thrilled to be able to provide an immediately viable and aesthetically pleasing lighting alternative for gucci and our other clients .
with the creditor at that time . moreover , because such interest continued to be unpaid at the end of the predecessor corporation ' s second tax year after the year in which the obligation to pay the interest arose , and the amalgamated corporation was deemed to be related to the creditor at that time under
amalgamation , no shares are issued by the new corporation . instead , the shares of the parent ( in a vertical amalgamation ) or one of its subsidiary
a corporation no part of the income of which is distributable to its members , directors or officers . ( black ' s law dictionary , 6th edition )
our take . folio will have to walk a fine line , finding a way to make money selling software in a niche market , even as its product begins to look , on the surface , more like mainstream text - retrieval products that are fast becoming commodities with little future . at a time when most of the full - text retrieval vendors are losing their shirts , folio claims it is earning profits . so far , folio has succeeded by staying focused on markets , such as legal , insurance and reference publishing , in which it is dominant . it now has a new parent , open market , that has staked out the high end of electronic commerce systems , a key concern of folio’s customers as they migrate to the web . the potential synergy between parent and new child is obvious and could help differentiate folio as it moves forward .
the folio’s percentage return over the past year . the figure will not include the current month . for example , in december 2008 , 1 - year would display each ready - to - go folio’s performance from december 1 , 2007 through november 30 , 2008 . if a percentage return is negative , it will be red and in parentheses .
another plan that the company hoped would generate sales involved modifying its databases to allow subscribers to import lexis and nexis files into their own work space as manipulable information . a cooperative alliance with microsoft corp . to coordinate lexis / nexis and the popular windows interface was a primary step toward this goal . mead data central ' s december 1992 acquisition of folio corporation - - a pioneer and market leader in the development of information management software products located in provo , utah - - was another key step toward this goal . everhart planned to continue folio ' s retail sales of such applications as folio views and simultaneously integrate its programming proficiencies into the lexis / nexis online systems .
open market was quick to distinguish its recent acquisition futuretense from folio . where folio was well - suited to delivering large collections of reference material , it lacked a personalization engine and tools for collaborative authoring , along with design and production tools that would appeal to most businesses . futuretense technology was better suited for the ecommerce business that open market had decided to focus on , rather than the document management technology that folio was focused on . futuretense failed to save open market as a company , and they declared bankruptcy in august 2003 . in 2004 futuretense , and associated open market technologies were part of fatwire software corporation , owners of updateengine , a java - based content management solution .
exhibit 2 . 3 - - - - - - - - - - - folio trademarks and use guidelines open market ' s folio trademarks and copyrights the following are registered trademarks and trademarks of open market . initial use of these trademarks must include the ( r ) or o symbols . you must use these marks exactly as they appear below .
corporations ( in a horizontal amalgamation ) are not cancelled , while the shares of the other predecessor corporation ( s ) are cancelled without any repayment of capital .
) ( ii ) determines at any time the undepreciated capital cost ( ucc ) to the new corporation of depreciable property of a prescribed class . generally , under
requires the predecessor corporation to recognize a gain on the disposition of any partnership interest which had a negative adjusted cost base immediately before the amalgamation . the rule in
. where it applies , the predecessor corporation will be deemed to have disposed of the property for proceeds equal to its fair market value immediately before the amalgamation .
the applicable software must also contain a copyright notice of open market ' s ownership of the applicable application in the application splash screens in a form consistent with that specified below . use guidelines logo artwork for commercial publications [ folio logo appears here ] logo usage for commercial publications use of powered by folio logo color 100 % black or authorized colors media and packaging placement the powered by folio logo must be prominently displayed on all ( 1 ) diskettes , ( 2 ) cd - roms , ( 3 ) other media used in connection with the distribution of any commercial publication , ( 4 ) packaging , ( 5 ) advertising , and ( 6 ) promotional materials associated with distributing or marketing each commercial publication . the powered by folio logo must be present on the front and spine of all packaging . call ( 801 ) 229 - 6700 if you have any questions regarding the placement of the powered by folio logo . publisher may feature its company logo or commercial publication trademark more prominently than the powered by folio logo , and publisher may use its own 41