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.
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.
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.
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.
