SmartLynx, a Latvian ACMI and charter operator, has expanded its fleet with the delivery of an Airbus A321, serial 3522, on lease. The aircraft is equipped with V2533-A5 engines, known for their reliable performance and operational efficiency.
airBaltic, the flag carrier of Latvia, has cautioned that it may need to secure additional funding from its shareholdersshould unfavorable conditions persist into the second half of 2025. The airline’s statement underlines growing financial uncertainty in a challenging market environment, with the company preparing for multiple potential outcomes.
airBaltic has released its financial results for the first quarter of 2025, showing a relatively stable revenue performance alongside a notable improvement in profitability. The Latvian flag carrier posted revenues of $148.6 million, reflecting a marginal 0.3% increase compared to the same period in the previous year. Despite minimal revenue growth, the airline demonstrated considerable cost management and operational…
SmartLynx Airlines, based in Latvia, has announced plans to significantly adjust its fleet strategy by the end of 2025. The airline will retire its last Airbus A321F freighter and will transfer all Boeing B737-8 aircraft to sister carriers under its parent group structure by autumn 2025.
airBaltic, the national airline of Latvia, has officially launched an international executive search to appoint a new Chief Executive Officer, following the departure of longtime CEO Martin Gauss. The process is expected to last approximately three months, and notably, the airline confirmed that no compensation or severance will be paid to Gauss.
Air Peace, Nigeria’s largest carrier, has taken delivery of one Airbus A320 aircraft, on wet lease from Latvian ACMI operator SmartLynx. The aircraft, bearing serial number 2233, is powered by CFM56-5B4/P engines, a reliable workhorse engine widely used across the A320 family.
airBaltic, the flag carrier of Latvia, has announced a major leadership change as CEO Martin Gauss stepped down from his position following a decision made at the company’s regular Shareholders’ Meeting. Pauls Calitis, currently serving as Chief Operating Officer (COO) and a Management Board Member, has been appointed as Interim CEO.
Air Peace, Nigeria’s largest airline, has further strengthened its fleet by wet leasing an additional Airbus A320 aircraft from SmartLynx Airlines, based in Latvia. This aircraft, with serial number 3954, is part of Air Peace’s strategy to enhance its capacity and improve its service offerings across its network.
airBaltic (Latvia) has announced the successful completion of the Baltic Cargo Hub, marking a significant milestone in the region’s air freight industry. The new facility is now the largest dedicated air cargo handling hub in the Baltics, designed to enhance cargo capacity, efficiency, and operational flexibility for airBaltic and its logistics partners.
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.
