Air Baltic simplifies existing share structure.

Air Baltic, a Latvian carrier, has announced plans to simplify its share structure in preparation for an initial public offering (IPO). The consolidation of four existing share classes into one is a common practice to make the share structure more transparent and attractive to investors. This move will also improve the airline's capital structure and help offset accumulated losses. The IPO aims to increase the company's capital and attract new investors, including private retail investors. [Extracted from the article]