Originally Posted by
1201alarm
https://www.tagesanzeiger.ch/air-bal...s-940610851800
Does anyone have more background info? Unfortunately the article is in German, but when you put it through a translator it seems Swiss authorities are investigating whether AirBaltic is disregarding Switzerland's minimum salary rules for cross-border deployment of employees and that Swiss authorities are investigating. Apparently these laws say that as a cross-border deployed employee, you have to get a "usual" salary for the job you do according Swiss salary standards.
That sounds like it could become expensive for AirBaltic.
Background is that Helvetic Airways, which provides ACMI for Swiss, filled a complain (not sure if officially or unofficially) regarding the underpaid and overworked AirBaltic pilots who also provide ACMI for Swiss. Like unethical competition or something.
That's the least of AirBaltic problems right now, I believe that bankruptcy will come before 2025, IPO is officially cancelled for this year due to the continuing losses which are adding to the enormous debt