The Estonian government has rejected an offer to buy shares in Latvia’s national air carrier, airBaltic, LSM reports. Estonia’s Infrastructure Minister, Kuldar Leis, explained that the decision was due to the fact that airBaltic’s change of management had not been completed and its financial situation remained problematic. He said that Estonia would not raise airport…
German aviation group Lufthansa Group will become a strategic investor in Latvia’s national air carrier, airBaltic, LSM reports. Under the deal, Lufthansa will acquire 10% of shares in airBaltic for EUR 14mn. The group plans to close the deal in the second quarter of 2025, subject to regulatory approval. The shares will be converted into…
Latvia’s national air carrier, airBaltic, cannot meet its obligations and achieve its strategic objectives if the company continues to operate with negative equity, supervisory board chairman Klavs Vasks stated, LETA reports. An additional capital injection from the state is therefore probably inevitable unless the government is prepared to privatise the company, Vasks said. The investment…
Latvia’s national air carrier, airBaltic, has signed a three-year wet lease agreement with Germany’s Lufthansa Group, LETA reports. Under the agreement, airBaltic will begin operating Lufthansa Group flights with up to 21 Airbus A220-300 aircraft in summer 2025. Previously, airBaltic has signed leasing agreements with Lufthansa Group companies, including SWISS and Discover Airlines. Meanwhile, media…
German airline Lufthansa may invest in Latvia’s national air carrier, airBaltic, according to Bloomberg, LETA reports. Sources said that negotiations on the deal were still at an early stage. Earlier, German news agency dpa cited Lufthansa’s CEO, Jens Ritter, who said that the company was interested in another airline operating its shorter routes, LSM reported….