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,…
Latvia’s state-owned airline, airBaltic, will open flights on several new routes from the Baltic States and Finland in winter 2023/2024 and summer 2024. The company will open flights from the Lithuanian capital, Vilnius, to Gran Canaria and Tenerife in Spain, Turin in Italy, and Dubai in the UAE in October 2023, LRT reports. In summer…
Latvia’s national air carrier, airBaltic, will open flights on eleven new routes in May 2024, including seven from Latvia, two from Estonia, and two from Lithuania, BNS reports. The company will open flights from Riga to Alicante, Chisinau, Ljubljana, Pristina, Skopje, Sofia, and Tirana. Also, airBaltic will open flights from Tallinn to Billund in Denmark…
Latvia’s national air carrier, airBaltic, posted the highest ever revenue and profit in the company’s history in the first half of 2023, LSM reports. The company’s six-month revenue totalled EUR 291mn, which was up 52% from a year earlier. Net profit amounted to EUR 14.6mn, which was up sharply from a net loss of EUR…
The UK flag carrier, British Airways, will resume flights from Latvia’s Riga International Airport to London Heathrow Airport as of 29 October 2023, LSM reports. The company will have three flights per week on the route. Fredis Bikovs, director of the Riga Investment and Tourism Agency (Live Riga), said that the flights would be important…
Latvia’s national air carrier, airBaltic, has no plans to buy Estonian airline Nordica, ERR reports. Martin Gauss, CEO of airBaltic, said that the company’s business plan did not foresee any acquisitions. Moreover, the terms of EU aid to the airline did not allow the company to acquire other airlines, he pointed out. Gauss said that…
Latvia’s national air carrier, airBaltic, carried a total of 1.911 million passengers in the first half of 2023, which was up 51.7% from 1.312 million in the same period of 2022, LETA reports. The number of flights performed totalled 20,290, which was up 19.9% from 16,920 a year earlier. CEO Martin Gauss attributed the increase…