airBaltic (Latvia) has announced a temporary 40% wage reduction for its management board, a voluntary decision aimed at supporting the airline’s financial stability ahead of its planned initial public offering (IPO). The measure will remain in effect until the successful completion of the share listing process.
airBaltic has reached a significant fleet milestone with the arrival of its 50th Airbus A220-300, bearing serial number 55329. This latest addition strengthens the airline’s position as a leading operator of the A220-300 and aligns with its strategy of operating a single-type fleet for greater efficiency.
On February 11, 2025, airBaltic held a shareholders’ meeting where Andrejs Martinovs and Lars Mydland were elected to the Supervisory Board. Martinovs will serve as Chairman, while Mydland will take on the role of Vice Chairman.
Lufthansa Group has signed an agreement to acquire a 10% convertible share in airBaltic for a subscription price of €14 million. This strategic move grants Lufthansa a seat on airBaltic’s Board and positions the group for future equity participation in the Latvian carrier.
airBaltic (Latvia) has entered a strategic partnership with SUA Lineas Aereas (Uruguay), expanding its leasing operations into South America. As part of the agreement, airBaltic plans to wet lease up to five Airbus A220-300 aircraft to SUA starting October 2025, marking an important step in its ACMI (Aircraft, Crew, Maintenance, and Insurance) leasing strategy.
airBaltic, the national airline of Latvia, has reached an agreement with the Ministry of Transport to terminate the duties of its existing Supervisory Board. This decision will take effect on 11 February 2025, signaling significant leadership changes within the airline’s governance structure.
airBaltic, Latvia’s national airline, has announced the successful completion and operational launch of two state-of-the-art aircraft hangars at its home base, RIX Riga Airport. This significant infrastructure expansion enhances the airline’s ability to perform maintenance, repair, and overhaul (MRO) operations in-house, supporting its growing fleet and operational efficiency.
airBaltic (Latvia) has announced its operational results for 2024, reporting a significant milestone of carrying 8.3 million passengers, a testament to the airline’s strong performance over the year. This marks a substantial increase compared to previous years, reflecting growing demand across its network. In 2024, the airline successfully operated 73,300 flights, highlighting its capability to meet passenger demand…
AirBaltic (Latvia) has announced the appointment of Robbert Strating as its new Senior Vice President (SVP) of Flight Operations. In addition to his primary role, Strating will also assume the position of Deputy Accountable Manager, further bolstering the airline’s leadership team.
airBaltic, the Latvian flag carrier, faces mounting financial pressures as current bond liabilities and rising interest rates threaten its long-term sustainability. According to Klavs Vasks, chairman of airBaltic, a state capital injection may be inevitable unless the Latvian government is willing to fully relinquish its stake to other investors.
