The Latvian government has decided to extend the repayment period on a EUR 30mn emergency loan issued to the country’s national airline, airBaltic, until the end of 2026, LSM reports. The loan was due by the end of August 2026. Also, the government gave conceptual approval to buying an additional EUR 30mn of airBaltic’s bonds…
The Latvian government said that the financial situation of the country’s national airline, airBaltic, was “very serious,” LSM reports. Earlier, S&P Global Ratings lowered airBaltic’s credit rating from CCC+ to CCC- with a negative outlook, LRT reported. The agency noted that airBaltic’s had insufficient funds to cover its financial obligations and the government may not…
Latvia’s national airline, airBaltic, will reduce flights from Lithuania in winter 2026/2027, BNS reports. The company will suspend flights from Vilnius to Berlin and Dubai, and from Palanga to Tenerife. Also, airBaltic will have less flights from Vilnius to Tallinn. Edvards Dalderis, spokesman of airBaltic, insisted that the reductions were not related to the company’s…
Türkiye’s Turkish Air Force (THK) has deployed some 80 troops and five F-16 fighter jets for the first time to Estonia’s Ämari air base as part of NATO’s Baltic air defence mission, ERR reports. THK replaced the Portuguese Air Force to patrol Baltic airspace until November 2026. Meanwhile, Italian Air Force has taken over responsibility…
The Estonian state expects the state-owned airport operator, Tallinn Airport, to attract new airlines and to offer regular flights to at least 60 destinations by 2030, ERR reports. Tallinn Airport should serve 5 million passengers per year by 2030, according to the new guideline document signed by Infrastructure Minister Kuldar Leis. Tallinn Airport operates seven…
The Latvian government held an extraordinary meeting of ministers to discuss the Ministry of Transport’s report on the current situation of the country’s ailing national air carrier, airBaltic, on 30 July 2026, LSM reported. The government nominated the State Treasury to represent the state at airBaltic’s bondholder meeting on 3 August 2026. At the meeting,…
Latvia’s Prosecutor General’s Office (LRP) has opened an investigation into national air carrier airBaltic’s finances, following a request from Prime Minister Andris Kulbergs, LETA reports. The investigation will assess whether decisions taken in relation to airBaltic’s financial situation have been in compliance with the law. LRP carried out a similar investigation in late 2024, but…
Lithuania is drawing up a contingency plan in the event that Latvia’s national airline, airBaltic, reduces flights or withdraws entirely from Lithuania, Transport Minister Juras Taminskas announced, BNS reports. Earlier, Latvian Finance Minister Maris Kucinskis said that airBaltic would likely need to reduce its operations. Taminskas said that a sudden suspension of airBaltic’s flights would…
The Latvian state is in talks with three potential investors in the country’s national air carrier, airBaltic, Prime Minister Andris Kulbergs announced, LSM reports. Speaking in an interview with Latvijas Radio, Kulbergs said that the state should no longer be involved in the aviation business. Also, he insisted that the state’s share in shouldering airBaltic’s…
