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airBaltic plans to buy 30 more Airbus aircraft

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“airBaltic” received another “Airbus” A220-300 aircraft Photograph: promotional photo

AirBaltic’s executive director, Martins Gauss, announced that Latvia’s national airline “airBaltic” is in talks with European aviation company “Airbus” to purchase 30 more Airbus A220 aircraft using the options provided in the contract. In an interview with the agency “Reuters”.

Gauss said that “airBaltic”, which has already ordered 50 of these aircraft, plans to complete the contract with opportunities to order 20 more aircraft.

At the end of May, airBaltic took delivery of the 42nd Airbus A220-300 aircraft.

airBaltic’s executive director said that in the future the airline would like to order this modified aircraft, but would also be interested in purchasing larger-capacity Airbus A220-500 aircraft if Airbus starts production.

He added that how soon the new aircraft will be ordered will depend on how preparations for the initial public offering of “airBaltic” shares will proceed.

Gauss declined to say how much the initial public offering could raise.

It also acknowledged that currently 11 of its 42 “Airbus A220-300” aircraft cannot be used on “airBaltic” due to the lack of replacement engines to replace engines that need regular repairs. Therefore, “airBaltic” is forced to rent aircraft from other airlines.

The “airBaltic” business plan envisions the airline’s fleet to have 100 aircraft by 2030.

It has already been announced that the turnover of the AirBaltic concern last year was 500.17 million euros, which is 2.5 times more than in 2021, but the loss of the company decreased by 2.5 times to 54,219 million euros.

The Latvian state owns 97.97% of the shares of “airBaltic”, while the financial investor “Aircraft Leasing 1” – 2.03%, owned by Danish businessman Lars Tūsen.

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Source: Tv Net

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