Latvia’s national air carrier, airBaltic, may have to delay its planned initial public offering (IPO) until the first half of 2025 amid investor worries about the aviation industry’s profitability, CEO Martin Gauss said, traders.lt reports. The company plans to raise as much as EUR 300mn through the IPO planned for later in 2024, BNN Bloomberg reports. Klavs Vasks, chairman of airBaltic’s supervisory board, said that the new capital would allow the airline to reach its business goals by 2030, including improving the company’s credit rating and operating without additional state support. The Latvian government is in talks with a potential strategic investor that may acquire a stake in airBaltic ahead of any IPO.
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