The Latvian government has decided to launch an initial public offering (IPO) of shares in the state-owned national air carrier, airBaltic, by the end of 2024, ERR reports. Transport Minister Kaspars Briskens said that the IPO would proceed concurrently with talks with a new strategic investor, LSM reported. He said that the state only planned…
A strategic investor has shown interest in Latvia’s national air carrier, airBaltic, Transport Minister Kaspars Briskens revealed, LETA reports. He suggested that the investor could acquire a minority stake in airBaltic before the company’s possible IPO. Briskens refused to disclose the name of the potential investor. No talks are currently under way with Estonia or…
Latvia’s national airline, airBaltic, posted an all-time record revenue and profit in 2023, LSM reported. The company’s annual turnover amounted to EUR 668mn, which was up 33.6% from EUR 500mn in 2022. The carrier’s net profit stood at EUR 34mn, which was up from a loss of EUR 54mn a year earlier. The company will…
Latvia’s national air carrer, airBaltic, could offer direct flights from Lithuania to distant destinations, Simonas Bartkus, CEO of Lithuania’s airport operator, Lietuvos Oro Uostai (LTOU), suggested, BNS reports. Speaking in an interview with Ziniu Radijas, Bartkus said that airBaltic could offer flights to more distant destinations that are important for business travel. Also, airBaltic could…
The Estonian state should consider buying a stake in Latvia’s national air carrier, airBaltic, Riivo Tuvike, CEO of Tallinn Airport, suggested, ERR reports. He argued that this would push airBaltic towards expanding operations at Tallinn Airport, where it is the market leader. Tuvike pointed out that Estonia was a “peripheral country,” saying that state support…
Latvia’s national airline, airBaltic, carried around 4.5mn passengers in 2023, which was 36% more than in 2022, according to preliminary data, LETA reports. The carrier operated over 44,000 flights, which was 18% more than a year earlier. The company offered direct flights on over 100 routes from bases in Riga, Vilnius, Tallinn, Tampere, and Gran…
The Latvian government will discuss the listing of state-owned companies and municipal enterprises on the stock exchange in January 2024, LSM reports. The first company to be listed will be national air carrier airBaltic. Finance Minister Arvils Aseradens said that the list would include other companies as well. Enterprises that may be listed include telecommunications…
Lithuania is exploring the possibility of acquiring a stake in Latvia’s national air carrier, Air Baltic Corporation (airBaltic), according to Transport Minister Marius Skuodis, BNS reports. Skuodis has discussed the issue with his Latvian counterpart, Kaspars Briskens. Skuodis suggested that some airBaltic aircraft could be based in Lithuania and that airBaltic could become a joint…
Latvia’s President Edgars Rinkevics and Foreign Minister Krisjanis Karins strongly condemned the indiscriminate terrorist attacks by Palestinian group Hamas against Israeli citizens. They stressed that Israel had the right to defend its people. Latvia stands in solidarity with the people of Israel, Rinkevics stated. Karins insisted that the violence must stop. At the same time,…