Lithuania and Latvia could have joint airlines and postal companies in the future, said Lithuanian Minister of Transport and Communications Eligijus Masiulis and his Latvian counterpart Aivis Ronis in a meeting today in Klaipeda.

Eligijus Masiulis and Aivis Ronis. Klaipeda, 10.10.2012.

"Latvian and Estonian national airlines have been suffering major losses the recent years and their future looks very gloomy. A study by Lithuania's Ministry of Transport and Communication a couple of years ago showed that only a joint Baltic airline of the three countries could be successful in such small markets as the Baltic States," Masiulis said.

He suggested his counterparts from Latvia and Estonia renewing discussions on the issue and conducting new calculations to see if a joint venture would be successful, writes LETA/ELTA.

Latvia is currently looking for a strategic investor for the loss-making airBaltic airlines. Estonia has also started discussions on the future of Estonian Air as the losses of the company have been soaring.

Lithuanian and Latvian ministers also discussed opportunities to set up a joint postal service company of Lithuania and Latvia which would provide courier services. Lietuvos Pastas (Lithuanian Post) has already opened talks with Latvijas Pasts (Latvian Post).