BAS was wholly owned by Bertolt Flick (President and CEO) until December 2010, when 50% of BAS shares were transferred to Taurus Asset Management Fund Limited, registered in the Bahamas.
On January 30, 2009 Flick purchased a 47.2% stake in airBaltic from Scandinavian Airlines.
Region-Avia started flights to Moscow-Vnukovo and airBaltic announced international services to its Riga hub.