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.
airBaltic (Latvia) has been forced to cancel 4,670 flights scheduled across all its bases for the summer 2025 season. The cancellations come as a direct result of Pratt & Whitney (US) informing the carrier that several of its A220-300 aircraftwill remain grounded well into 2025 due to ongoing engine shortages.
Austrian Airlines has announced its plans to lease an A220-300 aircraft from airBaltic (Latvia) for the summer 2025 season. This leased aircraft will operate on various European routes, providing additional capacity and flexibility during the busy travel period.
Brussels Airlines (Belgium) has unveiled its preparations for the summer season 2025, which include the addition of four Airbus A220s on wet lease from airBaltic (Latvia). These aircraft will support the airline’s strategy to enhance its network and provide increased capacity to meet seasonal demand.
airBaltic has announced a delay in its initial public offering (IPO) plans, now aiming for the first half of 2025 at the earliest. According to CEO Martin Gauss, the airline requires favorable market conditions to proceed with the listing successfully.
airBaltic, the Latvian national airline, has reported a net profit of $42.7 million for the third quarter of 2024, an impressive result supported by an 8% increase in revenue to $250 million. This growth in revenue highlights the airline’s successful strategies in optimizing operational efficiency and expanding its network within Europe. With strong results in Q3, airBaltic now anticipates full-year…
airBaltic, Latvia’s national carrier, reported an impressive 11% year-on-year increase in passenger numbers for October 2024, totaling 470,800 passengers. This growth aligns with the airline’s ongoing efforts to expand its network and increase flight frequency on popular routes. Additionally, airBaltic’s load factor (LF) saw a notable improvement, rising 5.7 percentage points to reach 84.1%. This higher load factor reflects increased demand and efficient capacity management,…
