Posts tagged as AirBaltic

airBaltic will temporarily stop flights to Liepāja

Thursday, September 17, 2020

The Latvian airline airBaltic will stop flights from Riga to Liepāja from October 2 to 24, according to a company report September 16. The airline explained that travel restrictions have had a significant impact on airBaltic’s operations and that the continuation of flights to Liepāja is not possible at the moment, because the demand for these flights is very low. “Despite this, I am convinced that this route will soon be returned…

airBaltic resumes flights to nine cities from Latvia

Monday, September 7, 2020

From Monday, the Latvian airline airBaltic is resuming flights from Riga to nine additional destinations, the company said September 7. Flights are resumed from Riga to Amsterdam, Brussels, Dublin, Gothenburg, Lisbon, Prague, Reykjavik, Vienna and Zurich. “We are pleased with the  decision of the Latvian government   to ease the travel restrictions previously imposed while maintaining public safety and health as a top priority. It gives us the opportunity to…

airBaltic will emerge from crisis strong, says CEO

Thursday, September 3, 2020

The Latvian national airline airBaltic will be very strong after the crisis caused by the COVID-19 pandemic, and when it is possible to fly in full volumes again, growth will be very rapid, the CEO Martins Gauss said in an interview to LETA September 3. The turnover of airBaltic during the first half of this year  decreased by 63.6%  , to EUR 78,713 million, while the group’s losses increased almost seven…

Aviation employee situation better than expected

Thursday, August 6, 2020

During the COVID-19 crisis, airBaltic reported collective dismissal of 700 employees, promising to return employees to their jobs within a year. Up to now, 17 employees have resumed their jobs, but many are still waiting for the possibility of returning to the airline, airBaltic told Latvian Radio August 6. In June, the Latvian airline airBaltic transported more than 60 000 passengers to and from the capital cities of the Baltic…

More transit passengers at Riga International Airport in July

Wednesday, August 5, 2020

Gradually increasing the frequency of flights, passenger numbers serviced at Riga International Airport reached 23% of last year’s volume in July. The number of transit and transfer passengers is also growing, the airport said August 5. In July, 187.4 thousand passengers were serviced at the airport, which is about 132 thousand travelers more than a month earlier. Overall, compared to last year, the number of passengers served at Riga airport…

Latvia to recover airBaltic investment in 5-7 years

Friday, July 24, 2020

The European Commission’s (EC) decision, which allows the State to invest €250 million in the capital of the Latvian national airline airBaltic, provides for Latvia to recover the investment within five to seven years, Transport Minister Tālis Linkaits (New Conservative Party) said in an interview to LETA July 23. On July 14, following  authorization from the EC  , the government supported the investment of EUR 250 million in airBaltic’s share…

AirBaltic to receive EUR 250 million new equity from the Latvian government

Thursday, July 16, 2020

The shareholders of the Latvian airline airBaltic today approved the final decision of the Republic of Latvia to invest EUR 250 million into the equity of airBaltic in order to overcome the economic crisis caused by COVID-19. Martin Gauss, the CEO of airBaltic, said: “With this new equity investment we are executing our new business plan Destination 2025 CLEAN. This investment will facilitate the successful growth of airBaltic leading to an IPO in the future.” Following the approval…

airBaltic resumes direct flights from Vilnius to Amsterdam and Berlin

Monday, June 1, 2020

After receiving all of the necessary permissions, the Latvian government-sponsored airline, airBaltic has confirmed it plans to resume direct flights from Vilnius to Amsterdam on June 8, 2020, and to Berlin on June 11, 2020. Martin Gauss, CEO of airBaltic: “Until the crisis began, we provided the best connectivity to and from all three Baltic capitals. Now we return with a clear target to maintain our positions in Lithuania and…

airBaltic turnover expected at EUR 175 million in 2020

Wednesday, May 27, 2020

The turnover for the Latvian national airline airBaltic could reach EUR 175 million this year, said Martins Gauss, head of the airline, in an interview with Latvian Television on May 27. The planned turnover of airBaltic in 2020 was EUR 575 million, Gauss said. At the same time, he pointed out that as the situation improves, the recruitment of workers made redundant could return to jobs and the number of…

AirBaltic resumes Vilnius–Tallinn flights

Monday, May 25, 2020

Latvian airline AirBaltic is resuming Vilnius–Tallinn flights on Monday. The first plane is scheduled to land in Vilnius at 19:00 and depart to Tallinn at 21:10. On May, the Lithuanian government also allowed AirBaltic to resume flights to Norway, while Germany’s Lufthansa has recently resumed its Vilnius–Frankfurt flights and AirBaltic has also relaunched flights to Riga. Foreign Minister Linas Linkevičius previously the Cabinet that flights from Vilnius to Oslo would…