airbaltic
airbaltic suffered losses of more than 30 million lats last year. (photo: airbaltic )
- extra seats can be booked by calling airbaltic contact centre and at airbaltic ticket offices .
as reported in december 2009 airbaltic sold to its shareholder – bas – six its brands (airbaltic, airbaltic. com, airbaltic travel. com, airbaltichotels, balticmiles and baltic tax) and the deal was approved by the airbaltic board .
sadly, airbaltic is not on there. i have flown with airbaltic before, but never as a codeshare with klm .
the sas group has signed an agreement today to sell its 47, 2% holding in airbaltic to the management of airbaltic .
a lithuanian court has ordered airbaltic to pay €16 million euros to bankrupt former competitor flylal, which claimed unfair competition that airbaltic strenuously denies .
etihad airways and airbaltic at the launch of winter 2017 / 18 season expanded codeshare partnership, followed by the return of airbaltic’s ...
airbaltic operates direct flights from riga to over 60 destinations. airbaltic offers convenient connections via riga to its network spanning europe, scandinavia, the cis and the middle east. in addition, airbaltic also offers direct flights from tallinn and vilnius .
the government is due to discuss airbaltic behind closed doors later in the day .
airbaltic - explore our destinations! it' s really easy to ...
customer relations airbaltic administration riga international airport marupes pag. riga lv - 1053 latvia
glassdoor gives you an inside look at what it' s like to work at airbaltic, including salaries, reviews, office photos, and more. this is the airbaltic company profile. all content is posted anonymously by employees working at airbaltic .
airbaltic was the first airline in europe to introduce on - time arrival guarantee in early 2009. this insurance allows airbaltic passengers to make the rare delays less inconvenient .
the latvian national airline airbaltic was handed a special award from the jury of the budgies world low cost airline awards, recognising achievements of airbaltic as a hybrid airline .
the latvian airline airbaltic has been notified by the danish investor lars thuesen that formalities have been completed to acquire 20% stake in latvian national airline airbaltic that was held by german investor ralf - dieter montag - girmes, the airbaltic representatives informed bc .
the initial contribution of lvl 30 million to airbaltic shareholder is expected in two weeks .
bas became airbaltic shareholder in early 2009 by acquiring sas shares for 14 million lats .
the upgrade can only be used on airbaltic operated flights with a bt flight no .
next summer airbaltic will have more than five new destinations added to its route map .
airbaltic named world' s most punctual airline (again) / article / lsm. lv
in the first half of 2014, airbaltic earned a net profit of eur 14 million .
official twitter account of airbaltic, the leading airline in the baltic countries. contact us :
airbaltic - etihad codeshare could lead to deeper links. meanwhile, eu state aid inquiry continues
according to the agreement, the state will proportionately participate in increasing airbaltic share capital – by october 14, the state is to loan airbaltic lvl 16 million on several conditions: airbaltic must retract its petition for legal protection submitted to the riga district court, the 59, 110 sas shares must be annulled, and a new version of airbaltic charter must be approved .
airbaltic’s top 10 routes reflect its focus on the baltic and nordic region, with all six local capital cities represented in the list. the importance of copenhagen, oslo and stockholm reflects airbaltic’s still close links with sas, which owned 47% of airbaltic until jan - 2009 .
airbaltic will start bombardier cs300 commercial operations on december 14 on its route linking riga with amsterdam. airbaltic is the launch operator for the cs300 aircraft, and has ordered twenty cs300 aircraft .
augulis said that airbaltic sole board member bertolt flick would most probably be dismissed on tuesday, when airbaltic shareholders meeting will take. augulis did not reveal the government' s candidates to work on airbaltic council, which will later appoint a new three - member board for the airline .
at present airbaltic ensures flights with 25 aircraft – 13 boeing 737 and 12 bombardier q400 nextgen .
as reported, airbaltic welcomed the world' s first bombardier cs300 aircraft in riga on wednesday .
airbaltic serves over 60 destinations from its home base in riga, latvia. from every one of these locations, airbaltic offers convenient connections via riga to its network spanning europe, scandinavia, cis and the middle east. in addition, airbaltic also offers direct flights from tallinn and vilnius .
airbaltic serves over 60 destinations from its home base in riga, latvia. from every one of these locations, airbaltic offers convenient connections via riga to its network spanning europe, scandinavia, cis and the middle east. in addition, airbaltic also offers new direct flights from tallinn and vilnius .
the latvian state holds a 80% stake in airbaltic and has greenlighted lending about €80m to the company from the state coffers. airbaltic is on the lookout for a strategic long - term investor .
airbaltic serves 60 destinations from its home base in riga, latvia. airbaltic offers convenient connections via north hub riga to its network spanning europe, scandinavia, russia, cis and the middle east .
later thursday airbaltic ceo martins gauss told leta at a press conference that in 2015 airbaltic earned €19. 5m in net profit, which is by €9. 8m or 82% more than in 2014 .
aircraft leasing 1 sia is the investment vehicle that is the holder of 20% shares of airbaltic .
latvia' s airbaltic gets a eur 132 million capital injection, promises not to buy sukhoi planes .
the now bankrupt lithuanian snoras bank has joined the fight for the ownership over latvian state airline airbaltic .
airbaltic - etihad codeshare could lead to deeper links. meanwhile, eu state aid inquiry continues | capa
airbaltic was honoured in a special ceremony during bombardier commercial aircraft’s 2016 all operators conference and tradeshow being held in dallas, texas this week. earlier this month, airbaltic selected additional bombardier cs300 aircraft by converting its remaining seven option aircraft to firm. this latest order brought airbaltic’s total firm order to 20 cs300 aircraft .
new investor completes airbaltic buy - in
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* * for any flight in business class you are accounted two flights to the number of airbaltic segments .
thus far, airbaltic has completed more than 3 602 scheduled flights and flown over 8 104 block hours with the brand new bombardier cs300 aircraft. as of now already every fourth passenger of airbaltic is flying cs300 .
thus far, airbaltic has completed more than 3 602 scheduled flights and flown over 8 104 block hours with the brand new bombardier cs300 aircraft. as of now already every fourth passenger of airbaltic is flying cs300 .
airbaltic business class passengers are granted business lounge access at airports worldwide. see which airports offer this service !
this week the shareholders of airbaltic have approved the annual report of the latvian airline. airbaltic has achieved a net profit of eur + 1 million for the full year of 2013. airbaltic has surpassed by far its original plans and has turned around the fy2012 loss of eur - 27 million, converting it into a net profit of eur + 1 million for 2013. airbaltic has achieved profitability one year ahead of the initial schedule .
airbaltic saw passenger numbers fall by 8% in 2012, with load factor dipping by 3ppts to 72% .
latvia' s airbaltic, has been named the most punctual airline in the world for a second year running .
airbaltic suspended the four crew members, following the failed breath tests and has said it is seeking their dismissal .
meanwhile airbaltic continues to offer flights to over 60 destinations worldwide and remains a popular choice for lithuanian travelers too .
valuable information for airbaltic passengers transferring at riga airport. get to know your way around the airport online today !
the latvian airline airbaltic has achieved exceptional performance and was recognised as a leading operator of q400nextgen aircraft by bombardier .
airbaltic' s punctuality rate was 94. 4% , and according to the data of oag aviation solutions, aviation data analysts, airbaltic achieved the best on - time performance globally for two years running in 2014 and 2015 .
latvian airline airbaltic has received the last of its bombardier q400 nextgen thus growing the modern turboprop fleet by 50% this summer. the brand new aircraft were phased in airbaltic operations from early may. [ > > > ] more
the agreement stipulates that bas must provide lvl 14 million to airbaltic. the airline' s liabilities to bas will be consolidated, consolidated will also be the subsidiaries of airbaltic and bas, and the outsourced services will be given back to airbaltic. a restructuring plan and a new business plan must be drawn up for the airline in two months .
airbaltic (air baltic corporation) is the world’s most punctual airline connecting the baltic region with 60 destinations in europe, the middle east, and the cis. airbaltic is a joint stock company that was established in 1995. its primary shareholder is the latvian state, which holds 99. 8% of the stock. the airbaltic fleet consists of 24 aircraft – 12 boeing 737 and 12 bombardier q400next gen. airbaltic has received numerous international awards for excellence, innovative services, and achievements in reshaping its business. in 2012, airbaltic was ranked by airlinetrends among the top 10 airlines globally for innovations. airbaltic achieved the best on - time performance globally for two years running in 2014 and 2015 .
up to now 100% of the company was owned by airbaltic president bertolt flick, currently 50% of it belongs to a company registered in the bahamas taurus asset management fund limited, forming 9 654 000 lats of airbaltic equity .
6th airbaltic cseries cs300 msn 55008 client acceptance early next week for next week delivery. cs300 55009 first flight within 48h
establishing a training company – seven years and running airbaltic training, that is strong and professional with more to come .
airbaltic is the launch operator of the bombardier cs300 aircraft. the first two aircraft arrived in riga in late 2016 .
the latvian airline airbaltic announced its first destinations for the summer season of 2018, starting on march 27, 2018 .
previously airbaltic has won a silver award in the ispy 2011 for selling goods with emotional intelligence and best sales techniques .
latvian carrier airbaltic has undergone a capital increase, finalizing german investor ralf - dieter montag - girmes’ 20% stake in the airline. on may 2, airbaltic’s shareholders formally approved plans to increase airbaltic’s share capital to €256. 5 million ($ 294 million), comprising 256, 472, 824 shares. “the share capital increase procedure is thus completed. after the share capital increase, the latvian state holds an 80% stake in airbaltic, while the new ...
the agreement stipulates that the consolidated airbaltic shareholders agreement signed on april 30 will be terminated. a new council will be appointed for the airline, which will appoint a new three - member board. airbaltic ceo bertolt flick will be dismissed .
“after an intensive period of turnaround airbaltic is back on a profitable growth path and able to offer lower prices and more destinations with our brand new aircraft”, says martin gauss, chief executive officer and the chairman of the board at airbaltic .
airbaltic serves more 80 destinations from its home base at north hub riga, latvia. from each of these, airbaltic offers convenient connections via north hub riga to its network spanning europe, scandinavia, russia, cis and the middle east .
martin gauss, chief executive officer of airbaltic: “with airbaltic reaching a profit and having its annual report approved, now the cabinet of ministers will decide on the retention of the profits in the airline in accordance with the currently effective legislation. ”
an airbaltic co - pilot was given a jail sentence after drinking heavily before a flight. photograph: aero icarus / wikimedia
in december 2014, latvian airline airbaltic carried 168, 191 passengers throughout its network spanning europe, scandinavia, russia, cis and the middle east. during the year 2014, airbaltic has transported a total of 2, 636, 111 passengers .
for the summer of 2015, airbaltic announced 14 new routes, the largest improvment in connectivity since restructuring and achieving profit .
it has been state owned since 30 november 2011 after a financial crisis. in early 2012, airbaltic confirmed that it had canceled the oulu hub plan due to airbaltic' s continuing financial problems. it has since partly recovered and cut costs .
air baltic corporation (airbaltic) is a joint stock company established in 1995. the primary shareholder is the latvian state with 99. 8% of stock. airbaltic has a major presence at the airports of all three baltic state ...
airbaltic at the launch of summer 2018 season expanded codeshare partnership with nextjet, covering additional domestic swedish sectors operated ...
airbaltic and airmalta this week launched reciprocal codeshare partnersip, covering service between the baltics and malta. approximately from ...
this week: american airlines expands european focus; new bordeaux route for airbaltic; and pakistan international airlines to fly karachi–bangkok .
next year, airbaltic will begin to phase in its new bombardier cseries aircraft. what is your role in this project ?
according to oag, airbaltic achieved a punctuality rating of 94. 4% for flights linking the baltics with destinations in europe, middle east and russia / cis. it means that more than 9 airbaltic aircraft out of 10 arrive on - time .
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6th airbaltic cseries cs300 msn 55008 client acceptance early next week for next week delivery. cs300 55009 first flight within 48h - fliegerfaust
bertolt flick, president and chief executive officer of airbaltic :
airbaltic has a unique business model integrating some of the best features of network carriers and low cost airlines. successful restructuring and focused management of the airline has earned airbaltic international awards for its achievements as a network carrier. the selection of airbaltic as an airline in the top league of low cost carriers is recognition of our low - cost structure and affordable tickets to passengers. we thank our customers who encourage us to innovate and improve continuously .
i applied online. the process took 5 days. i interviewed at airbaltic (riga (latvia) ) in august 2015 .
airbaltic’s top 10 routes by seats are dominated by nordic and central / eastern european destinations. only two, riga to paris cdg and amsterdam, are in western europe. the importance of copenhagen, oslo and stockholm reflects airbaltic’s still close links with sas, which owned 47% of airbaltic until jan - 2009. the carrier is now 99. 8% owned by the latvian state .
estonian consumer protection department invites people to be careful when planning their trips with the airline airbaltic, taking into consideration possible arising problems .
“safety is a top priority at airbaltic and following the situation in oslo we have stepped up safety measures, ” a spokesman said .
the 15 - minute flight punctuality indicator for airbaltic reached a level of 91, 5% in december 2014. this means that more than 91 of every 100 airbaltic flights in december departed at the planned time or with a delay of no more than 15 minutes .
airbaltic and tap air portugal this month begins reciprocal codeshare partnership, covering service between riga and lisbon, via various european ...
airbaltic this week announced new route launch from tallinn, which sees the airline offering tallinn – london gatwick nonstop flight... .
aegean airlines and airbaltic in winter 2017 / 18 season plans to expand codeshare partnership, offering additional travel option between the ...
airbaltic and nextjet earlier this month launched reciprocal codeshare partnership, covering service between latvia and sweden, as well as service ...
ipad rental airbaltic also rents ipads to passengers travelling in economy on flights longer than 2 hours and 30 minutes for a fee of eur 9. up to 10 ipads are available on each flight, which airbaltic rents from catering company lsg under a profit - sharing agreement .
he promises to fulfill all the tasks of the airbaltic restructuring plan by 2016. however, in order to achieve this, the airline requires development and investments, gauss says .
dienas bizness
reports that gauss' contract with airbaltic ends at the end of this year .
the transport ministry called a press briefing this afternoon to announce that an official agreement has been signed on bailing out the national airline airbaltic .
for the summer season of 2018 airbaltic has added malaga (spain), lisbon (portugal), split (croatia), bordeaux (france) and gdansk (poland). a complete schedule of airbaltic flights can be found on the company' s homepage at urltoken .
the a / s air baltic corporation operates as airbaltic and corporately styled as airbaltic. it is the latvian low - cost carrier flag carrier airline. the firm' s head office on the grounds of riga international airport. its main hub is also at riga international airport .
airbaltic and iberia this friday (26may17) will expand codeshare partnership, as the former begins riga – madrid operation with bombardier ...
through codeshare partnerships airbaltic is able to offer passengers a broader route network. your ticket or booking confirmation will advise whether your flight is operated by a different airline. airbaltic has 22 codeshare agreements with foreign airlines and operates joint flights with its partners to more than 100 destinations .
the uae' s national carrier yesterday inked an agreement with to codeshare with airbaltic. flights from latvia' s capital riga would take place on airbaltic, giving passengers access to etihad' s wider network from abu dhabi. the agreement will commence in october and continue indefinitely .
if the eu rules that airbaltic must repay the funds received from the state, this would increase the pressure to find a new investor .
if travel plans take you through the baltic states, you might want to consider flying airbaltic. latvia' s flag carrier, airbaltic serves more than 65 destinations, mainly in europe, from its hubs in riga, latvia, and vilnius, lithuania. the ...
pins program is owned and operated by pins. co, which, in turn, is owned by air baltic corporation (airbaltic) .
he said that at present airbaltic fleet consists of 13 boeing 737 planes, four of them are on a leasing, and nine belong to the company. while renewing its fleet, the boeing 737 planes will be sold and by 2020 all airbaltic fleet will consist of bombardier planes .
airbaltic received the award at world low cost airlines congress in london. the panel of international judges in the jury acknowledged airbaltic’s achievements and observed that the carrier sets trends in the world’s airline industry. “the judges of the budgies award for 2010 believe the efforts and results of airbaltic deserve special merit. this airline has made tremendous strides to remake itself as a truly hybrid airline. it has readily adapted to dramatic changes to its business environment and the economy of its region. in addition, airbaltic is a marketing innovator with a continuous stream of revenue - enhancing products and services. the judges believe airbaltic deserves special merit as a pacesetter in the world’s airline industry, ” reads the statement of the jury .
according to oag, airbaltic achieved a punctuality rating of 94. 4% for flights linking the baltics with destinations in europe, middle east and russia / cis. it means that more than 9 airbaltic aircraft out of 10 arrive on time. airbaltic is followed in the global top 10 ranking by copa airlines, azul, japan airlines, all nippon airways, finnair, tam, austrian airlines, hawaiian airlines, lot .
airbaltic' s 2015 profit will be used to cover the losses of previous years, transport ministry' s state secretary kaspars ozolins told leta .
riga - - latvia' s national airline, airbaltic, has requested more than 60 million lats in capital as its losses continue to mount .
the prime minister of latvia asked the transport ministry as the state capital shares holder to assess airbaltic board and council members activities correspondence to legislation .
the single most important place for you as a frequent airbaltic flyer. always keep an eye on your level, flights count and expiries here .
baltictaxi, balticbike besides airbaltic’s aggressive growth strategy, the company behind the airline, baltic aviation systems, seems to be also turning into a baltic version of the easygroup (of easyjet, easycar and easyhotel fame), capitalizing upon the airbaltic brand to enter related markets, such as a taxi service (baltictaxi) and bike sharing (balticbike) (for more see “entrepreneurial airbaltic extends brand to taxi and bike sharing services”) .
airbaltic and tarom since late - march 2018 expanded codeshare partnership, covering additional intra - european sectors. from 26mar18, planned new ...
airmalta and airbaltic at the launch of summer 2018 season launched reciprocal codeshare partnership, covering service to / from malta, catania, ...
condor in recent schedule update filed operational aircraft changes, which sees selected routes operated by airbaltic boeing 737 - 300 aircraft. the ...
airbaltic in summer 2018 season plans to resume service to kazakhstan, as the airline plans 3 weekly riga – almaty route. previously ...
airbaltic and tarom at the launch of winter 2017 / 18 season expanded codeshare partnership, offering additional travel options within europe. from ...
i m flying klm with codeshare on air baltic to amsterdam. anyone know if we get a complimentary meal and drink on the airbaltic flight ?
a similar message was delivered by wolfgang reuss, svp network management at airbaltic, who said fleet rollover was the major issue the airline faced .
in case of rebooking / rerouting on another airbaltic flight / s, airbaltic will do its best to reconfirm the extra seat. if impossible, a customer will receive a travel voucher at the value of the extra seat price for their next purchase or a refund of the amount paid .
latvian airline airbaltic has introduced a novel food ordering system that allows travellers to customize their in - flight meal after they have booked their seat .
airbaltic serves 60 destinations from its home base in riga, latvia. airbaltic offers convenient connections via north hub riga to its network spanning europe, scandinavia, russia, cis and the middle east. for summer 2013, airbaltic has introduced six new destinations - prague (czech republic), heviz - balaton (hungary), olbia (sardinia, italy), rijeka (croatia), larnaca (cyprus), and malta .
airbaltic boeing 735, yl - bba, bti6c4 and latcharter airbus a - 320, yl - bcb, ltc306 on 25. 07. 2008
the latvian airline airbaltic will launch a new route between bordeaux and riga on june 3, 2018, offering two weekly flights every thursday and sunday. the new route will offer convenient connections between the two cities and more than 60 airbaltic destinations from riga including baltics, scandinavia and the cis .
airbaltic serves sixty destinations from its home base in riga, latvia. airbaltic offers convenient connections via riga to its network which spans europe, scandinavia, russia, the cis, and the middle east. for summer 2014, airbaltic has introduced six new destinations - burgas and varna (bulgaria), palma de mallorca (spain), bucharest (romania), gothenburg (sweden), and aberdeen (scotland, within the uk) .
tallinn airport director rein loik is confused why airbaltic closes air routes that have just been unveiled after having organized extensive advertising campaign and promoting new destinations .
further investments in the airline will be supervised by the transport ministry and prudentia. the financial flows will be supervised until the situation in airbaltic stabilizes .
airbaltic earlier this week announced the addition of 2 russian destinations, previously served by the airline in the past. the airline plans to ...
airbaltic yesterday (15aug17) announced planned new service for summer 2018 season, as it opens reservation for 5 routes from riga. planned ...
as reported, on november 30, 2011, latvijas krajbanka used up its financial pledge thereby taking over the airbaltic shares owned by private shareholder baltic aviation systems (bas), which were then sold to transport ministry. this made the latvian state the owner of 99. 7% of airbaltic shares .
martin sedlacky, chief operations officer of airbaltic: “i am delighted that airbaltic was recognised prominently along with product and service innovations by such airlines as delta, british airways, qantas, air canada, norwegian. this is an excellent impetus for us to keep working on other improvements in the future. ”
our approach to calculating airbaltic’s operating loss suggests that, while still loss - making, its operating margin improved by around 20ppts in 2012. this is corroborated by the chart below, which shows the change in operating margins for a number of european airlines in 2012 and shows that airbaltic saw the biggest improvement .
a press conference with ralf dieter montag girmes is planned for monday, 9 november, 15. 00 in airbaltic headquarters in rīga international airport, latvia .
you will receive pins for the fare paid and the eligible fees included in the total amount of the ticket, such as taxes and fuel charges. pins will only be given for flights operated by airbaltic and the amount of money spent on them. this applies to ancillary products bought on airbaltic website only .
on friday, february 5, 2016, three awards from oag arrived in riga for the latvian airline airbaltic. as previously announced in january, oag analysts, who tracked the performance of a total of over 50 million flight records, have ranked the latvian airline airbaltic no 1 globally in punctuality in 2015, and awarded airbaltic in three categories – the world’s most punctual airline, the most on time airline in the emea region and the first in mainline category .
prime minister maris kucinskis said march 7 that ownership changes might be taking place at national airline airbaltic, in which the state retains an 80% stake .
the latvian airline airbaltic has achieved its first year of growth after the successful turnaround period, and demonstrated positive results, both on ebit and net income .
airbaltic at the launch of winter 2017 / 18 season plans to expand codeshare routes operated by csa czech airlines, covering additional 3 routes via ...
however, none of this should allow airbaltic to reduce its focus on cost efficiency, given a cask that is above the levels of its lcc competitors .
for the third month in a row it has been the biggest number of transported passengers in the airline’s history. during the three summer months, airbaltic has transported a total of more than 1 150 000 passengers to its network spanning europe, scandinavia, russia, cis and the middle east, according to airbaltic .
the original ticket type must be basic or premium, and the ticket must be issued as an airbaltic document (the ticket no. begins with 657) .
the then declining airbaltic requested more than 60 million lats in capital investment during august 2011. continued shareholder speculation and some political scandals hit it hard throughout 2011 .
experiental marketing airbaltic’s creative streak can also be seen in its promotional activities, where the airlines seems to have a preference for 3 - dimensional, moving concepts .
airbaltic this week announced new network expansion at tallinn for winter 2018 / 19 season, as the airline plans to open new service to oslo and ...
airbaltic in late - august 2017 announced the planned service changes in winter 2017 / 18 season, as 3 destinations being converted to year - round ...
airbaltic plans to operate its brand new bombardier cs300 aircraft on the route. the flight is scheduled to last 3 hours 30 minutes. one - way ticket prices start at 79 eur, including airport fees and transaction costs. a full schedule of airbaltic flights can be found on the company' s homepage at urltoken .
subject to regulatory approval, airbaltic plans to place its code on etihad flights beyond abu dhabi to cairo, jakarta, singapore, bangkok, amman and muscat .
with an average headcount of 1, 076 (source: airbaltic), we calculate that airbaltic’s employee costs per employee were eur42, 719 in 2012. this is the second lowest employee cost per employee figure among european airlines (higher only than wizz air) and compares with a weighted average of almost eur69, 000 .
“we are very pleased that we have reached a solution for the company' s ownership structure so we can continue and develop the company for the best of baltic region. we are also happy to announce that airbaltic will continue its commercial cooperation with the sas group between riga and scandinavia”, says bertolt flick ceo of airbaltic .
airbaltic is well positioned as a hybrid low cost carrier to continue its success in the very competitive european air transport market. its increased capacity, efficient aircraft and low cost base will enable airbaltic to continue expansion as the no 1 baltic carrier. the company will be recruiting around 200 new employees by the end of 2018 .
airbaltic was founded in 1995, the state of latvia (52. 6 %) and bas (47. 2 %) are its major shareholders. airbaltic fleet comprises 29 aircraft: six boeing 737 - 500, eight boeing 737 - 300, two boeing 757 - 200, ten fokker 50 and three bombardier q400next gen .
transport ministry deputy state secretary dzineta innusa explained that the ministry currently has no information as to who has bought the disputed shares for 10 million euros. the transport ministry has turned to riga central district court, asking that any deals with airbaltic shares be put on hold until it becomes clear why airbaltic’s management decided to sell them .
pins recognizes and rewards those customers who have flown an exceptional amount. executive and vip members are entitled to benefits that make their journey with airbaltic even more comfortable .
despite all internal turmoil, airbaltic continues to churn out attention - grabbing innovations. along with differentiating its business class by serving passengers a 3 - course meal based on
airbaltic’s new management has made good progress so far in reducing operating costs and slimming down the structure, but a long term low cost base is not possible without a more streamlined and cost efficient fleet. the carrier hopes for cs300 order to be a corner stone in airbaltic’s turnaround and give employees a more confident outlook for their carrier .
airbaltic has previously received the title of airline of the year 2009 / 2010 (gold award) from the european regions airline association. airbaltic is also the winner of air transport world phoenix award 2010 – a global recognition of excellence in restructuring business, an award that has the same meaning for airlines as the oscar award for filmmakers .
five people, who had purchased flight tickets of the cancelled routes, have applied to consumer protection department, the department says it will conduct an investigation regarding airbaltic action .
martin gauss, chief executive officer of airbaltic said in a press statement: “our customers can rely on a consistently punctual service. we are a very proud team at airbaltic to have achieved this result for the second year in a row, especially since we see fewer european carriers in the top 10 ranking compared to a year ago. ”
consulting company prudentia representative karlis skrastins stressed that both airbaltic shareholders will invest around lvl 100 in the airline' s share capital altogether. initially, lvl 30 million will be provided as a loan, whereas later both shareholders will invest a total of lvl 100 million in the airline' s share capital in proportion to their stakes in airbaltic .
the agreement says that if all the conditions are met, the share capital of airbaltic will be increased, where the state investment will total lvl 57. 6 million .
founded in 1995 and nationalized in 2011 because of mounting losses, airbaltic posted a net profit of eur 10. 6 million last year on revenue of eur 254 million .
in 2016, airbaltic maintained its revenues at the level of the previous business year, and improved its operational result (ebit) by 13 meur, compared to a year earlier, to the level of 3. 4 meur. the net income reached 1, 2 meur. airbaltic revenues were influenced by declining yields, at the same time airbaltic increased its passenger numbers by 10% to almost 3 million travelers. the total number of flights in 2016 was 44 thousand, up from 43 thousand in 2015 .
airlinetrends. com, an independent aviation industry and consumer trends research agency, has ranked airbaltic’s meal pre - order as one of the best airline service innovations in 2013 .
ancillary revenues in recent years, airbaltic has rapidly grown its ancillary revenues. according to airbaltic’s vice president of communications janis vanags, extra revenue per passenger exceeded eur 12 last year – compared with as little as eur 2 in 2007 – and the airline‘s percentage of ancillary revenue as part of total revenues is approaching 15 percent. the main sources of ancillary income for airbaltic are checked bag fees, payment fees, add - on products (insurances, warrantys, hotels), and buy - on - board products .
airbaltic expresses regrets about the incident on september 17 at riga international airport. due to an indication of a technical issue with nose landing gear, airbaltic flight bt641 with bombardier q400 nextgen from riga to zurich (departure 08: 04 local time), was diverted back to the airport and made an emergency landing at 10: 26 local time .
[ lsm. lv ] latvia: : airport runway closed as airbaltic plane crash - lands in riga
' according to initial information, a problem with the front chassis was discovered soon after the plane took off, and airbaltic crew made a decision to return to the riga airport...'
read full article at: : urltoken
this was a much closer contest, with latvia’s airbaltic edging out turkish airlines by 27 routes to 25. riga - based airbaltic actually started 31 new routes but dropped four for a net gain of 27, while turkish airlines also started 31 new routes but dropped six for a net gain of 25. fourteen of turkish airlines’ new routes were from istanbul’s fast - growing sabiha gökçen airport, while 13 of airbaltic’s new routes were from its riga base, with a further seven from its secondary base in vilnius in neighbouring lithuania .
the 47. 2% shareholder of the latvian national airline airbaltic sia baltic aviation systems (bas) has changed hands, according to the land register servicing company lursoft information .
, to provide customers with more flight choices and better connections. from now on, airbaltic passengers will be able to reach brazil, portugal, and africa. find more :
mr gauss considers that airbaltic’s fleet, consisting of both boeing 737 and bombardier q400 equipment, gives it the flexibility to adjust capacity to seasonal demand patterns, while maintaining frequencies .
airbalticbag a prime example of an innovative ancillary product is the airline’s airbalticbag. airbaltic normally charges passengers in economy a fee of eur20 to 30 per checked bag per one - way flight. however, instead of just another mundane transaction, regular flyers with the airline can purchase an airbaltic - branded samsonite suitcase that comes in two sizes (eur169 and eur181 respectively), and carry it as free checked luggage on an unlimited number of airbaltic flights for twelve months. passengers are required to register for airbaltic’s balticmiles frequent flyer program in order to receive a personalised ‘free baggage tag’ with their full name and balticmiles number, which must be attached to the samsonite suitcase and correspond with the name on the flight ticket .
airbaltic is followed in the global top 10 ranking by copa airlines, azul, japan airlines, all nippon airways, finnair, tam, austrian airlines, hawaiian airlines and lot .
he said that the state has started looking for a strategic investor for airbaltic, and ideally it would be a large airline. results in this respect can be expected next year .
airbaltic had been seen as favouring the a319neo as its narrowbody replacement. airbus has heavily criticised the cseries, but so far airbus has not attracted too many buyers for its a319neo .
ja sapņo kļūt par pilotu, pasteidzies! pieteikšanās airbaltic training pilotu akadēmijas rudens grupai ilgs tikai līdz 9. jūlijam. bet tikmēr vari atrast atbildes uz visiem interesējošajiem jautājumiem mūsu blogā :
for the summer season of 2018 airbaltic has added malaga (spain), lisbon (portugal), split (croatia), bordeaux (france) and gdansk (poland) .
discounted tikets, tv sets, cars, holiday houses taking its ‘travel megastore’ concept quite literally, airbaltic in the past two years has held several onboard retail campaigns in which it offered passengers the option to buy discounted flight tickets, flat screen tv sets and even a custom - designed mini cooper car in airbaltic colors and sporting the text “i love flyin. ”
airbaltic is based in latvia and operates flights from its main hub located in riga. it is a latvian flag airline and a low - cost carrier that was established in 1995 .
nyras came in to airbaltic at a time when the survival of the airline was in doubt. their innovative approach was the start of a successful five - year programme to return to sustained profitability. core to our long - term plan was their realignment of our aircraft selection process that allowed airbaltic to secure a benchmark deal that has helped underwrite the airline’s future .
airbaltic serves 60 destinations from its home base in riga, latvia, spanning europe, scandinavia, russia, cis and the middle east. for summer 2013, airbaltic has introduced six new destinations – prague (czech republic), heviz - balaton (hungary), olbia (sardinia, italy), rijeka (croatia), larnaca (cyprus), and malta .
the financial - - provisional data show that in august 2017, the latvian airline airbaltic carried more than 380 000 passengers or roughly 20% more than in the same period of 2016 .
martin gauss, chief executive officer of airbaltic: “we put very high focus on our customers and the service they receive before, during and after their flight. user friendly mobile booking services, a wide variety of inflight meals and an exceptional customer service is a crucial part for expansion of our business. airbaltic celebrates this global recognition together with the awarded crew members. ”
despite its hybrid features, airbaltic’s chief commercial officer tero taskila says the airline’s cost per average seat kilometer are on par with the likes of easyjet and norwegian and 30 to 40 percent lower than finnair and sas. interestingly, airbaltic sees turkish airlines, which has also established an extensive network in europec coupled with a low cost base, as one of its main emerging competitors .
latvia’s national carrier airbaltic will gradually renew its fleet with cs300 aircraft made by canadian bombardier and will sell its boeing 737 planes, the company’s ceo martin gauss told the press leta on friday .
the airline has been state owned since november 2011. airbaltic has codeshare agreements with some members of the skyteam and star alliance. the airline runs its own frequent flyer program named baltic miles .
want to read more about the arrival of the cs300? stop by the airbaltic blog to find out how we’re preparing for the big moment and be the first to know about cs300 news .
an airbaltic spokesperson told capa that the company aims to sign a firm agreement with bombardier “shortly” and that pre - delivery payments will come from the company’s own cash flow. airbaltic corp’s supervisory board, which includes members of its primary shareholder, the latvian state (which has owned 99. 8% of the company’s shares since the end of 2011), has endorsed the cseries order .
“bombardier’s cs300 airliners are integral to the execution of airbaltic’s business development strategy horizon 2021 and fleet optimisation plan, ” said gauss. “with its longer range capabilities, lower fuel burn and reduced noise emissions compared to other airliners in its segment, the cs300 aircraft will enable airbaltic to open new routes and connect people all across europe, while offering passengers an unparalleled in - flight experience .
airbaltic has gone through three main stages of development since the beginning of the 21st century. from 2000 to 2003, capacity growth (ask) was modest and revenue growth more or less matched capacity. over this period, the fleet grew from six to nine aircraft. next came a period of rapid expansion, with airbaltic growing its capacity almost three times more than the market by 2008 .
according to previous media reports, latvijas krajbanka and snoras are airbaltic creditors, investbank is associated with snoras shareholders
, taurus asset management fund limited is one of the bas shareholders, where russian citizen andrei rudeshko is the actual beneficiary. transatlantic holdings company is the entity that previously announced buying 59, 110 airbaltic shares (the so - called sas stake) for eur 9, 622 million .
when their current business were going well, the former flylal owners showed little interest in confronting airbaltic, but when they faced problems, their interest in legal action would suddenly revive, vanags suggested .
business class: local, organic catering, nespresso coffee besides its focus on transit traffic, other ‘hybrid’ features of airbaltic include a separate business class cabin, airport lounge and a frequent flyer program .
during the first six months of 2017, airbaltic has carried a total of 1 565 462 passengers throughout its network spanning europe, scandinavia, russia, cis and the middle east, which is the second highest number of passengers in the history of the airline. airbaltic’s improved connectivity, efficient aircraft and low cost base will further enable to continue its expansion as no 1 carrier of the baltic region .
airbaltic has a strong share of seats at its riga hub, with 61% . nevertheless, it faces growing competition from foreign competitors, in particular lccs. ryanair is number two at riga, with 18% of seats, and wizz air number three with 4% . lufthansa and aeroflot, fourth and fifth respectively, are both codeshare partners of airbaltic, as is ninth - placed transaero .
leta reported that last year airbaltic performed 43, 000 flights and carried 2. 6 million passengers. the average load factor was 71% , and the average yield per passenger was €94. 2 .
gauss also points out former airbaltic ceo bertolt flick' s contribution in the past. without flick' s efforts, the airline would not have been as strong as it is now, notes gauss .
the latvian cabinet of ministers has approved plans to sell 20% of airbaltic to german investor ralf dieter montag - girmes for eur 52 million and agreed to invest a further eur 80 million in the airline. the total of eur 132 million of fresh capital for the latvian carrier will spur its horizon 2021 business plan and fleet modernisation. , informed bc vice president of corporate communications at airbaltic janis vanags .
latvian national airline airbaltic will appeal against a lithuanian court ruling that it must pay substantial compensation to a bankrupt former competitor, company spokesman janis vanags told ltv' s rita panorama news show friday morning .
a previous lithuanian court decision in 2008 even went so far as to order the seizure of airbaltic' s headquarters at riga airport - though the ruling was completely unenforceable as it was outside lithuanian jurisdiction .
the problem is that airbaltic’s cask has been growing since 2009 and it remains higher than its rask (calculated using total revenues). the good news for airbaltic is that cask growth is slowing and that rask has also grown since 2009, so that the gap between the two is narrowing. the company’s 2013 plan sees a further narrowing of the gap, based on stable rask and a fall in cask .
airbaltic’s short - haul focus is reflected in the concentration of its weekly frequencies around routes of a roughly two hour flight duration. of its 42 destinations, it serves almost half (22) with less than a daily frequency and only nine with a frequency of twice daily or more. local capital cities helsinki, vilnius and tallinn are airbaltic’s most highly served destinations, each with a four times daily schedule .
airbaltic, latvia' s flag carrier airline, is
stable like never before
, as it posted a profit of €19m last year, transport minister uldis augulis (greens) told latvian television thursday .
the airline hopes to receive its first cs300 in the final quarter of 2015. the bulk of the firm order for 10 of the aircraft is scheduled for delivery in 2016, an airbaltic spokesperson told capa .
martin gauss, chief executive officer of airbaltic: “our customers can rely on a consistently punctual service. airbaltic team is extremely proud to have been ranked as the world’s most punctual airline for the second year running. we have history of excelling in punctuality, but with around 94 flights out of 100 arriving on or ahead of schedule, we have managed to maintain our position at the very top for two years. ”
on a city pair basis, airbaltic already faces lcc competition on three of its top 10 routes: the scandinavian capitals stockholm, copenhagen and oslo. on stockholm, both ryanair and norwegian are present, while these two are joined by wizz air on oslo. airbaltic faces competition from all three principal russian operators on riga to moscow (although it also has codeshare agreements with two of them, aeroflot and transaero) .
latvian national airline airbaltic is set to become an all bombardier operator following its decision to replace its aging 737 fleet with bombardier’s cseries as it forges ahead with a restructuring plan to return to profitability. airbaltic has signed a letter of intent (loi) to acquire 10 cs300 jetliners and take purchase rights on a further 10 cs300s with the first of the new aircraft scheduled to arrive at the airline’s base in riga in 4q2015.
airbaltic , legally incorporated as as air baltic corporation , is a state-owned latvian low-cost carrier and the country 's flag carrier , with its head office on the grounds of riga international airport in mārupe municipality near riga . its main hub is at riga international airport with further bases at tallinn airport and vilnius airport . 
airbaltic, legally incorporated as as air baltic corporation, is a state-owned latvian low-cost carrier and the country's flag carrier, with its head office on the grounds of riga international airport in mārupe municipality near riga. its main hub is at riga international airport with further bases at tallinn airport and vilnius airport.
airbaltic, legally incorporated as as air baltic corporation, is a state-owned latvian low-cost carrier and the country's flag carrier, with its head office on the grounds of riga international airport in mārupe municipality near riga. its main hub is at riga international airport with further bases at tallinn airport and vilnius airport.