Latvian ministers, airBaltic’s CEO trade criticisms - AeroTime
16 hours ago · AirBaltic went through a complicated financial situation during the COVID pandemic, though it managed to pull through and post a €34 million profit in 2023, while securing additional financial instruments to face its short-term financial obligations. ... Get notified of the hottest news. Subscribe. By checking this box, you confirm that you ...
Investor Talks stall as airBaltic Forced to Cancel Part of Schedule
1 day ago · In more worrying news, airBaltic has also announced that ongoing issues with Pratt & Whitney’s Pw10005 engines, used on their Airbus A220-300 planes, will lead to a 5% reduction in its 2025 schedule. P&W’s Pw10005 has had its fair share of incidents since its introduction in 2016. Even on its first flight, the rotor axis within the engine ...
airBaltic CEO and IPO under pressure after flight cancellations
Estonian aviation expert Sven Kukemelk noted that airBaltic is a major player at Tallinn Airport, with every third passenger flying with the airline, so these cancellations will significantly ...
airBaltic Talks With "Strategic Investor" Hit A Snag - Simple Flying
1 day ago · An airBaltic executive has shared that the airline’s talks with a strategic investor, which was supposed to be a validator of the airline’s business model and facilitator of the initial public offering (IPO), hit a snag, with the airline now being at crossroads in terms of its future.. At major crossroads In a post on LinkedIn, Klavs Vasks, the chairman of the supervisory board of ...
BNN IN FOCUS | airBaltic’s “mistake in communication” as an alibi …
12 hours ago · Now it turns out that Latvian residents’ shock over the news that 4 670 airBaltic flights will be cancelled this summer was also a “mistake in communication”. Efforts to sweep the airBaltic problem “under the rug” use a well-known tactic – first an announcement on Friday, the 3rd of January, that the coalition will decide on changes ...
airBaltic CEO and IPO under pressure after flight cancellations
1 day ago · News. Armenia refuses to host Eurasian Economic Union summit. Opinion. COMMENT: Trump 2.0 could be a blessing for Belarus. News. ... airBaltic CEO and IPO under pressure after flight cancellations . Opinion. COMMENT: The EU’s Green Deal is a …
Newsroom - Company | airBaltic
Welcome to the airBaltic Newsroom. Check out our press releases to get the latest news about airBaltic.
Expert: airBaltic faces growing pressure to cut flights outside Riga
1 day ago · As reported by ERR News, in the meantime airBaltic is set to cancel 19 routes from Tallinn during the summer season of 2025, cutting a total of 4,670 flights. The airline will end flights from Estonia to Dubrovnik, Croatia, and the planned Hamburg route for the summer of 2025 will not be opened.
AirBaltic cancels summer flights, hit by Pratt and Whitney …
5 days ago · AirBaltic will cancel a number of summer flights owing to inspection and maintenance delays from RTX-owned engine supplier Pratt and Whitney.
Newsroom - Company | airBaltic
airBaltic Sets New Passenger Record for November. Riga. The Latvian airline airBaltic continues to demonstrate strong performance, setting new records in November for both passenger numbers and load factor. Last month, the airline carried 400 600 passengers across all its bases, marking a 23% increase compared to the same period last year.