50 SKY SHADES - World aviation news

airBaltic investor agreement will be signed in January

Download: Printable PDF Date: 22 Dec 2015 23:45 category:
Publisher:
airBaltic investor agreement will be signed in January - Airlines publisher
Tatjana Obrazcova
Country: Latvia Aircraft: Airplanes Airline: Air Baltic

The investor agreement with the new airBaltic investor Ralf Dieter Montag-Girmes will be signed in January, as airBaltic prefers to close all matters related to its Bombardier CS300 order before signing.

Martin Gauss, Chief Executive Officer of airBaltic: „We have achieved remarkable results for airBaltic in the past few years, and, with the new investment we can now focus on our expansion and consolidation in the Baltic region. The new equity will be used for investing into new aircraft rather then leasing them and thus giving airBaltic an advantage on the cost side, a vital element for our Horizon 2021 business plan.”

As informed previously the government has approved Mr. Montag-Girmes as the airBaltic investor. He committed to invest EUR 52 million in the airline.  

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.



Loading comments for airBaltic investor agreement will be signed in January...


Recommended

Thousands of airline passengers now have access to EAN inflight broadband

The European Aviation Network (EAN), the fastest inflight broadband service in Europe, is now being offered by airlines to more than 30,000 passengers across the continent each day, allowing them to s...

Flying cars are coming to GCC

As we've reminded already quite often, the future is already right here, right around the corner. Flying cars are becoming a reality, almost an usual thing to see. Last year PAL-V introduced...

Small, but so important nowadays - new, powerful USB charger for aircraft

If we ask you to name a small, always invisible but very important detail, device if you want, necessary in every aircraft cockpit? Second clue - a must be to keep working a tablet or mobile device......

Wizz Air to connect London to Moscow and St Petersburg

Two news Wizz Air UK services from its London Luton base announced -  to Moscow’s Vnukovo International Airport, and Pulkovo Airport in St Petersburg  Flights on the Mosco...