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….
The Lithuanian government is ready to send aid to Poland amid heavy floods caused by Storm Boris, BNS reports. Lithuania’s National Crisis Management Centre (NKVC) has offered Poland a high-capacity container pumping station and sandbagging equipment. Also, a team of 15-20 rescue workers stand ready to go to Poland. Meanwhile, the Foreign Ministry advised travellers…
The Estonian government will allocate EUR 2mn for state-owned rail operator Elron to open a regular passenger train connection between Tartu in southern Estonia and the Latvian capital, Riga, ERR reports. The support would allow Elron to open the new passenger service in spring 2025. Piret Hartman, Minister of Regional Affairs and Agriculture, said that the…
German ferry operator TT-Line has opened a new direct ferry route between Travemünde and the Lithuanian port of Klaipeda, BNS reports, citing local newspaper Vakaru Ekspresas. The ferry will run on the route once a week. TT-Line now operates altogether seven ferries from Klaipeda: three each to Trelleborg and Karlshamn in Sweden, and now one…
Estonia’s Tallinn city government has approved a new budget strategy, under which the city plans to invest EUR 100mn in public transport, including EUR 40mn of EU funds, over 2025-2028, ERR reports. Tallinn mayor Jevgeni Ossinovski said that the city will replace its trolleybus fleet with gas-fuelled buses and trams. Also, the city will build…
A new passenger train connection between Estonia’s second-largest city, Tartu, and the Latvian capital, Riga, will not open in October 2024 as planned, ERR reports. Märt Ehrenpreis, CTO of Estonia’s state-owned passenger train operator, Elron, said that certification of new Stadler FLIRT trains for operating on Latvian railways was taking longer than expected. Also, Elron…
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….
Latvia’s Transport Minister, Kaspars Briskens, has no intention to resign despite criticism of his communication, LSM reports. Earlier, President Edgars Rinkevics and Prime Minister Evika Silina criticised the minister’s messaging on the future of the country’s national air carrier, airBaltic, and the Rail Baltica railway project. Speaking after a meeting with Briskens, Rinkevics said that…