• May 16, 2025
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AviationIndustry

Salary of next airBaltic CEO depends on job contract

Remuneration for the next CEO of the Latvian flag carrier airBaltic will be depend on the individual job contract that is concluded with the selected candidate, the parliamentary secretary of [..]

Bankruptcy claims against Nordica rise sharply to €85 million

The volume of claims against bankrupt Estonian state-owned airline Nordica has risen sharply since bankruptcy was declared last fall, reaching €85 million. Most of Nordica’s assets consist of a claim [..]

Gauss sees no career opportunities in Latvia

The former CEO if Latvia’s flag carrier airBaltic, Martin Gauss, was sacked on April 7, and he told the LETA news agency that he sees no job or business opportunities [..]

GetJet Airlines announces new CEO as leadership transition marks growth phase

GetJet Airlines, a Lithuanian charter and aircraft leasing company under GetJet Aviation Holdings, has announced a leadership transition. Effective March 12, 2025, Inga Duglas will assume the role of Chief [..]

Labour strike in Germany affects flights from Lithuania

A one-day strike by workers at 13 airports in Germany led to the cancellation of several flights from Lithuania on Monday. Air Baltic cancelled its Vilnius flight to and from [..]

Baltic aviation companies monitoring airport project in Poland

Baltic aviation companies should keep a close eye on the development of a new airport in Poland, which has serious ambitions of becoming an aviation hub for the whole region, [..]

Economist discusses valuation of Latvian airline in deal with Lufthansa

The valuation of the Latvian airline airBaltic in a transaction which will allow the German Lufthansa Group to become a strategic investor in the Latvian flag carrier is not encouraging, [..]

German air taxi company Volocopter announces insolvency

German air taxi manufacturer Volocopter has declared insolvency as it seeks new funding, the company announced from its headquarters at Bruchsal near Stuttgart. “The company needs funding that will allow [..]

SmartLynx Airlines: Demand, passenger numbers back to pre-pandemic levels

For the first time this year, demand for flights and passenger numbers have regained their long-awaited pre-pandemic level, the LETA News Agency was told by Edvinas Demenius, CEO of the [..]

Avia Solutions Group discloses revenue projections

Avia Solutions Group is an Irish-registered aviation group that is owned by Lithuanian businessman Gediminas Ziemelis, and it expects revenues this year to amount to USD 3 billion (EUR 2.853 [..]

airBaltic Presents Its New Calendar for 2025

As 2025 approaches, Latvian airline airBaltic proudly unveils its annual calendar, featuring 12 cities across the Baltic countries and showcasing employees from various roles within the airline – including cabin [..]

German aviation association expects air travel costs to rise

Ticket prices for air travel in Germany are expected to rise, according to Jens Bischof, president of the German Aviation Association (BDL). “Arrivals and departures in Germany will become significantly [..]

Airline seeks compensation for airport ban

Aviabaltika is an maintenance, repair and overhaul (MRO) services provider that was once owned by Russian citizen Yuri Borisov, and it has announced that it will leave the Kaunas Airport [..]

Ryanair planning new hangar in Kaunas

The Irish budget airline Ryanair has announced plans to permanently base a third aircraft at Kaunas Airport in Lithuania next year. Part of the plan is to build another aircraft [..]

Aviation expert Toomas Peterson: Securing Air Baltic’s future requires involving a core investor

Journalist’s Ain Alvela interview with an aviation expert Toomas Peterson, who thinks that involving a core investor should help alleviate the company’s financial concerns, enable the purchase or lease of [..]

Tallinn Airport’s route development team among the world’s best

Tallinn Airport has been nominated as one of the top five airports in the world with fewer than five million passengers, and the winner will be announced at Routes World, [..]

Transport Minister’s communication on airBaltic has been complete “failure” – president

The communication of Transport Minister Kaspars Briskens (Progressives) on the issue of the Latvian national airline airBaltic has absolutely “failed”, Latvian President Edgars Rinkevics said at a press conference after [..]

airBaltic aims to raise around EUR 300 million via IPO

Latvia’s national carrier airBaltic aims to raise around EUR 300 million via an initial public offering (IPO) of its shares, Klavs Vasks, Chairman of the airBaltic Supervisory Board, said at [..]

Lithuania’s BAA Training expects higher returns from Asia as it end year in red

BAA Training, a training company that is part of Avia Solutions Group, a Lithuanian aviation group owned by businessman Gediminas Ziemelis, expects higher returns this year from its Asian investments [..]

Ryanair to launch Kaunas-Belfast flights in fall

Ireland’s budget airline Ryanair is set to launch regular flights between Lithuania’s second-biggest city of Kaunas and Northern Ireland’s capital of Belfast next winter season, Lietuvos Oro Uostai (Lithuanian Airports, [..]

Ryanair opens its 2nd EUR 20 mln MRO hangar at Kaunas airport

Ireland’s budget airline Ryanair on Tuesday inaugurated its second aircraft maintenance, repair and overhaul (MRO) hangar at Lithuania’s Kaunas Airport, with the investment totaling 20 million euros. The expansion of [..]

airBaltic prices a EUR 340 million bond issue

Latvian national airline airBaltic has issued bonds worth EUR 340 million, Transport Minister Kaspars Briskens (Progressives) announced in a tweet last night. airBaltic said in a statement that it has [..]

State might buy up to EUR 100 million worth of airBaltic shares – Aseradens

The Latvian state might purchase up to EUR 100 million worth of shares in airBaltic national carrier, Finance Minister Arvils Aseradens (New Unity) told reporters following the weekly coalition meeting [..]

GetJet Airlines in court dispute with Lithuanian govt commission

GetJet Airlines, a Lithuanian wet-lease and charter services provider indirectly majority owned by Aleksandr Celiadin, has been in a court dispute with the government’s commission vetting strategic companies’ deals over [..]

Ryanair cancels flight from Vilnius due to strike in France

Irish airline Ryanair has cancelled more than 300 flights, including from Vilnius to Paris, due to Thursday’s strike by French air traffic controllers. According to information on Vilnius Airport’s website, [..]

airBaltic plans to launch public offering in second half of year

Latvian national airline airBaltic plans to announce a public offering of its shares in the second half of the year, the airline’s CEO Martin Gauss told Latvian Television (LTV) in [..]

Estonia, Latvia to explore possibilities for production of sustainable aviation fuels

Estonia and Latvia are to study the potential for producing sustainable, meaning more environmentally friendly, aviation fuels in the Baltic Sea region, with the European Commission allocating 200,000 euros to [..]

Ministry tasked with drafting plan for Nordica’s privatization in 3 months

Estonian Prime Minister Kaja Kallas said at the government’s press conference on Thursday that the Ministry of Climate has been given a task to prepare, within the next three months, [..]

Tallinn Airport simplifies security screening for passengers

Passengers going through security checks at Tallinn Airport no longer need to remove liquids and large electronic devices from their carry-on baggage, and restrictions on liquids that can be brought [..]

Scheduled flights between Parnu, Helsinki canceled this year

There will be no scheduled flights between Estonia’s southwestern resort town of Parnu and the Finnish capital city Helsinki this year, unlike in the previous two summers, as local entrepreneurs, [..]

AirBaltic offers shares to Lithuanian, Estonian govts

Latvia’s national airline airBaltic has offered the Lithuanian and Estonian governments to buy its shares, the Estonian Postimees news website reports. Martin Gauss, the company’s board chairman, told the website [..]

Fly Dubai set to enter Lithuanian market

One more new air carrier is set to enter the Lithuanian market – FlyDubai, a low-cost subsidiary of the UAE’s Emirates Airlines, Lithuanian Transport and Communications Minister Marius Skuodis told [..]

Lithuania considers buying shares in Air Baltic – minister

Lithuania is considering buying a stake in Latvia’s national airline Air Baltic, Transport Minister Marius Skuodis said on Tuesday. “I have already had two conversations with the Latvian transport minister [..]

Estonian ministry has contacted 7 interested parties re sale of Nordica airline

The Ministry of Climate has contacted seven interested parties from Europe regarding the sale of the Estonian national airline Nordica and it is planned to reach a preliminary agreement on [..]

airBaltic Reaches Record High Employee Mark of 2 500

The Latvian national airline, airBaltic, announces that the number of employees at the company has exceeded 2 500, reaching the all-time highest count since the founding of the airline in [..]

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Photo: rigassatiksme.lv (illustrative picture)

Riga public transportation company to buy new buses

German police officer holds a submachine gun during entry checks at the German-Polish border crossing Stadtbruecke. Photo: Carsten Koall/dpa Credit: Carsten Koall/dpa

Germany criticized by neighbours as police step up border checks

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Lithuanian retail sales lower than EU average in March

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Satellite company plans expansion in Vilnius

Photo: coinvest.lt

Lithuanian avionics group raises new investments

Unused pipes for the Nord Stream 2 Baltic Sea gas pipeline, which runs from Russia to Germany, lie at the port site in the municipality of Sassnitz. Photo: Stefan Sauer/dpa Credit: Stefan Sauer/dpa

Nord Stream 2 operator given go-ahead to find new investors

Photo: lmt.lv

LMT to distribute Samsung smartphone in Baltics

Photo: Pixabay.com (illustrative picture)

Fitch Affirms Latvia’s Credit Rating at ‘A-‘

Photo: Pixabay.com (illustrative picture)

Lithuanian government approves tax reforms

A DHL cargo plane at the DHL Air Hub, the air freight center at Leipzig / Halle Airport. Photo: Hendrik Schmidt/dpa Credit: Hendrik Schmidt/dpa

Three Ukrainians arrested over planned sabotage for Russia in Germany

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