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Latvia aviation news

Latvia Backs AirBaltic Cash Injection

Latvia's parliament has backed an EUR€80 million (USD$85 million) cash injection for AirBaltic, removing a potential hurdle for the state-owned flag carrier to complete the purchase of Bombardier CSeries aircraft. The green light follows a government decision to prevent the state-owned airline separately importing jets from Russia's Sukhoi, a possibility that had threatened to put...

Latvian AirBaltic refused to buy Superjet 100

Martin Gauss, chief executive of Latvia's national airline airBaltic on December 1 confirmed that the company would not be buying planes from Russian manufacturer Sukhoi. The possibility that airBaltic might buy planes for regional routes from Russia in the form of the Sukhoi Superjet at a time of high tensions between that country and Latvia and its NATO allies had been a cause of widespre...

airBaltic Welcomes Bombardier CSeries in Rīga

Yesterday the Latvian airline airBaltic welcomed a Bombardier CSeries aircraft to Rīga, Latvia, as part of CS100 demo tour to Northern Europe. Martin Gauss, Chief Executive Officer of airBaltic: “Bombardier CSeries will be the backbone of our jet fleet beyond 2016. We are thrilled to have this CS100 in Riga for display. Bombardier’s CS300 airliners are integral to the execution of...

Government approves airBaltic €80m investment plan

After three hours of debates on November 19th, the government in Latvia decided to move forward with the previously accepted airBaltic investment plan. Prime Minister Laimdota Straujuma (Unity) told members of the press today that the government will more forward with the investment plan after it is approved by Saeima. Straujuma said that the original agreement has been amended, as there wer...

Air Serbia Teams Up with airBaltic

Air Serbia, the national airline of the Republic of Serbia, and airBaltic, the Latvian flag carrier, have signed a codeshare agreement that offers guests convenient new travel options between Belgrade and the Baltic capitals of Rīga and Tallinn. The deal will result in Air Serbia placing its “JU” flight code on 47 weekly services operated by airBaltic between Rīga and Amsterdam, Ber...

airBaltic confirmed as CS300 launch customer

Latvia-based carrier airBaltic has been confirmed as the launch customer for Bombardier’s CS300 single aisle jet. First delivery of the CS300 is due in the second half of 2016, airBaltic and Bombardier announced at the Dubai Airshow over the weekend. The airline has 13 CS300s on firm order and retains options for seven more of the type. airBaltic chief executive Martin Gauss said th...

German Investor for airBaltic

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. Ralf Dieter Montag Girmes, G...

Latvia sells 20% stake in Air Baltic to German investor

Following lengthy deliberations, the Latvian government has agreed to sell a 20% stake in Air Baltic(BT,Riga) to German investor Ralf Dieter Montag-Girmes for EUR52 million (USD57.2 million). The official LETA news service says that alongside Montag-Girmes' investment, government will shore up the carrier's coffers with an EUR80 million (USD88 million) loan from the Latvian central bank...

Latvia Buys 3 TPS-77 Multi-Role Radars from Lockheed Martin

The Ministry of Defence of the Republic of Latvia and Lockheed Martin signed a contract for three TPS-77 Multi-Role Radars (MRR) for use in air surveillance and to complement radar assets already in place. "Purchase of "TPS-77" MRRs will mean a huge investment in the strengthening of defence capabilities of National Armed Forces and gives us the chance to act accor...

Chinese, German investors set sights on Latvia's Air Baltic

Air Baltic (BT, Riga) has attracted attention from Chinese investors Latvia's State Secretary to the Ministry of Transport, Kaspars Ozoliņš, has disclosed. In an interview with Latvian Radio this week, Ozoliņš described the investors simply as owners of a variety of aircraft manufacturing firms. He added that talks took place last month during the finalization of details for a...

airBaltic Improves Riga – Berlin Route

The Latvian airline airBaltic will improve its service between Riga and Berlin Tegel, by operating a larger jet aircraft starting from October 25, 2015. This will upgrade the connection between the Latvian and German capitals, as well as offer convenient travel opportunities beyond to the Baltic region, Scandinavia and the CIS countries. Christophe Viatte, Chief Commercial Officer of&...