airBaltic to Evaluate $397M Bond Refinancing in 2026
airBaltic (Latvia) will be able to evaluate the refinancing of its $397 million bond debt starting in May 2026, as the airline seeks to optimize its financial structure and reduce borrowing costs.
airBaltic May Delay IPO to 2026 Due to Engine Delivery Issues
airBaltic (Latvia) is considering pushing back its planned IPO to early 2026, as CEO Martin Gauss acknowledged that ongoing engine delivery challenges are restricting the airline’s growth trajectory.
Airlines | Financial | IPO | Management
airBaltic Management Board Voluntarily Cuts Wages by 40% Until IPO
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 Takes Delivery of 50th Airbus A220-300
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.
airBaltic Elects New Supervisory Board Members and Completes Share Capital Reduction
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 Acquires 10% Convertible Stake in airBaltic
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.
ACMI | Airbus | Airlines | Pratt & Whitney | Wet Lease
airBaltic and SUA Lineas Aereas Partner on A220-300 Wet Lease
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 to Replace Supervisory Board in February 2025
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.
Airbus | Airlines | Maintenance | MRO
airBaltic Launches Two New Hangars at Riga Airport
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 Reports 8.3 Million Passengers in 2024
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…