Latvia’s national air carrier, airBaltic, has drawn up a plan to resume flights to Ukraine as soon as it is safe to do so, Ukrainska Pravda reports. Speaking in an interview with Bloomberg, airBaltic CEO Martin Gauss said that the company planned to divert aircraft from other routes and implement overnight stops in Ukraine. He…
Latvia’s national air carrier, airBaltic, plans to expand its operations at Lithuania’s Vilnius International Airport (VIA), CEO Martin Gauss announced, LETA reports. He said that the company would more than double its fleet in Vilnius and increase the number of destinations offered from the airport. Currently, airBaltic has two aircraft stationed at VIA. Gauss said…
Latvia’s national air carrier, airBaltic, may gain a new strategic investor either before or after the company’s planned IPO, according to CEO Martin Gauss, LETA reports. The company expects to announce the IPO in the second half of 2024 or in 2025. The goal is to raise EUR 300mn on the stock exchange, ERR reports….
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….
Latvia’s national air carrier, airBaltic, may have to delay its planned initial public offering (IPO) until the first half of 2025 amid investor worries about the aviation industry’s profitability, CEO Martin Gauss said, traders.lt reports. The company plans to raise as much as EUR 300mn through the IPO planned for later in 2024, BNN Bloomberg reports….
The new strategic investor in Latvia’s national air carrier, airBaltic, will be “a big positive surprise,” CEO Martin Gauss stated, LSM reports. He said that the identity of the investor would indicate that airBaltic was “recognised internationally as a serious airline.” Also, the investor would welcome the continued shareholding of the Latvian state in the…
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, 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…