airBaltic investor agreement will be signed in January
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.
airBaltic (AIR BALTIC CORPORATION) is the world’s most punctual airline connecting Riga, Latvia, 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 25 aircraft – 13 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 in 2014.