50 SKY SHADES - World aviation news

airBaltic investor agreement will be signed in January

Download: Printable PDF Date: 23 Dec 2015 04:45 (UTC) 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

Successful first public flight of Volocopter VoloDrone in Hamburg

I must confess, it is something special - to follow the first public flight it is a cocktail of feeling and emotions! In fact you understand that you are assisting in a changing event. This was the ca...

We know it now - Gogo 5G launch customer is Jet Edge

Jet Edge International has signed an agreement with Gogo Business Aviation to become Gogo’s 5G launch customer.Jet Edge has AVANCE L5 installed across the majority of its managed, large-cab...

First Wingcopter authorized partner in South America - SYNERJET

Wingcopter and SYNERJET  announced the signing of a strategic partnership agreement. The agreement will allow the Latin American company to act as a distributor and local tech...

Strong demand in business & general aviation markets - Pilatus

Exhibiting both the PC-24 Super Versatile Jet and the advanced PC-12 NGX turboprop at the National Business Aviation Association’s annual Convention & Exhibition Pilatus confirm a stron...