Install

Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

U.S.-Lithuania JV Set

MOSCOW () -- The Lithuanian government has backed the proposal by the country's Transport Ministry to set up a joint venture with U.S. firms Northwest Airlines and Baltic International USA to repair Boeing and Tupolev aircraft, a news agency reported Tuesday.


Under the project, the two American airlines would acquire a 60 percent stake in the venture, which would have an initial charter capital of $12 million.