Latvia’s ailing national airline, airBaltic, will stop flights from Riga to Innsbruck altogether, suspend flights to Bucharest, Budapest, Oulu, and Sofia, and reduce flights to Copenhagen, Madeira, Munich, Oslo, Prague, and Vienna in the winter season of 2026/2027, LETA reports. Earlier, the airline announced that it would suspend flights on more than ten other routes….
Latvia’s national air carrier, airBaltic, may cut 500-700 jobs at its bases in the three Baltic capitals, BNS reports. The company announced that it was in talks with trade unions on potential layoffs, which could affect about 20% of its total workforce. Currently, the airline employs around 3,000 people in the Baltic States. Meanwhile, Dace…
A court in France has ruled to extradite Russian banker Vladimir Antonov to Lithuania, where he has been found guilty of large-scale fraud, AFP reports. Antonov was detained in western France in December 2025, following a European arrest warrant issued by Lithuania. Antonov’s lawyer, Henry Ermeneux, said that his client would appeal the court ruling,…
Estonia’s bankrupt state-owned airline, Nordica, has shut down operations after the sale of all its leased aircraft to US-based Regional One, ERR reports. Nordica’s last jet, a Bombardier CRJ-900NG, took off from Tallinn Airport on 31 March 2026. The planes had been leased to Nordica’s subsidiary, Regional Jet (Xfly), which has filed for bankruptcy as…
Estonian fashion retailer Baltika Group has ceased operations and filed for bankruptcy, BNS reports. The group will lay off all of its 120 employees in Estonia, Latvia, and Lithuania. Baltika pointed to a prolonged difficult financial situation and unfavourable market conditions in the Baltic States. The group’s parent company, European Lingerie Group (ELG), will continue to…
Estonia’s state-owned Nordic Aviation Group (NAG) has filed bankruptcy applications for the Nordica and Regional Jet (Xfly) airlines, ERR reports. NAG decided to file for bankruptcy after Danish entrepreneur Lars Thuesen, minority shareholder of Latvia’s national air carrier, airBaltic, announced that he would not acquire Nordica due to the high business risks involved. Earlier, Nordic…
