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…
The Estonian government has decided to sell the state’s entire stake in Nordic Aviation Group (NAG), operator of national air carrier Nordica, due to the company’s unprofitability and lack of strategic value, BNS reported. Nordica stopped offering flights from Tallinn in 2019 and now primarily provides subcontracting services. The government expects binding offers for the…
Greece’s national air carrier, Aegean Airlines, will open direct flights from Lithuania’s Vilnius International Airport to Athens in April 2024, LRT reports. The company will have two flights per week on the new route until the end of October 2024, using Airbus A320 aircraft. Aegean Airlines has not previously operated regular flights in Lithuania, airport…
Estonia’s state-owned national airline, Nordica, will cease operations, ERR reports. Climate Minister Kristen Michal said that the government would allocate EUR 14.5mn to Tallinn Airport to ensure competitive fees and secure important routes. Another option is for the government to begin procuring direct flights to key destinations. The Ministry of Climate has contacted seven potential…
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…
Lithuania’s President Gitanas Nauseda, Prime Minister Ingrida Simonyte, and Foreign Minister Gabrielius Landsbergis condemned the attacks of Palestinian terrorist group Hamas against Israel. Nauseda assured that Lithuania stood “in full solidarity” with Israel and stressed Israel’s right to defend itself. Landsbergis insisted that the use of violence and terrorism must end, while Simonyte vowed that…
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,…
