50 SKY SHADES - World aviation news

Record Profit for airBaltic

Download: Printable PDF Date: 12 May 2016 09:28 category:
Publisher:
Record Profit for airBaltic - Airlines publisher
Krista Kuznecova
Country: Latvia Aircraft: Airplanes Airline: Air Baltic

Latvian airline airBaltic achieved a net profit of EUR +19.5 million for the full year of 2015, significantly surpassing results a year earlier of EUR +10.7 million and ensuring sustained profitability for the company. 

Martin Gauss, Chief Executive Officer of airBaltic: “airBaltic has been profitable for three consecutive years. This is an excellent foundation to build on, as our Horizon2021 business plan takes full motion this year. ”

airBaltic’s business plan Horizon2021 gained a new momentum recently as the airline’s share capital was increased to EUR 256 million. This enables airBaltic to modernise its fleet and introduce 20 all-new Bombardier CS300 jets, with the first aircraft arriving later this year. Our all-Bombardier fleet will be instrumental in improving the connectivity of the Baltic region with Western Europe and the Eastern markets. As part of the Horizon 2021 plan, airBaltic will operate 11 direct routes out of Tallinn and Vilnius in the next five years, in combination with convenient transfers via Riga.

airBaltic serves over 60 destinations from its home base in Riga, Latvia. From every one of these locations, airBaltic offers convenient connections via North Hub 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 Record Profit for airBaltic...


Recommended

airBaltic Serves Over 3.5 Million Passengers In 2017

The Latvian airline airBaltic in 2017 has transported a total of 3 523 300 passengers or 22% more than last year to its network spanning Europe, Scandinavia, Russia, CIS and the Middle East. It is the...

airBaltic Carries 99% Transfer Passengers on Time in 2017

The Latvian airline airBaltic carried over 900 000 transfer passengers in 2017 out of whom only 1.08% lost their connection due to different circumstances, including delays caused by strikes in E...

A Year of Incredible Growth for the Global Business Aviation Unicorn

VistaJet ideally positioned to seize even larger market share in 2018 Flew over 50,000 passengers in one year for the first time Investment from Rhône Capital values company’s equi...

Russia and Brasilia want to promote exports of Russian helicopters

The Russian Federal Agency for Air Transport and Brazil's National Civil Aviation Agency expressed mutual interest in signing in the near future a memorandum of understanding aimed at supporting e...

HNA General Aviation Set to Help Alleviate Poverty in China

Chinese General Aviation has received a new revamp after Chinese key political leaders announced new norms for socioeconomic development at the closing of the 19th National Congress of the Communist P...

SR Technics inaugurates new line station at Manchester Airport

SR Technics, a world leading MRO service provider, is pleased to announce the opening of its new Manchester Line Station. The new operations, which are part of a larger growth strategy in Line Mainten...