Air Baltic information

[juxa]

Originally Posted by Blackcoffeenosugar

I
The company has been to court three times agains pilots and lost every time. Several pilots have left the company with no job to go to.

Can you explain what exactly happened?
Thanks in advance

[patituri]

Originally Posted by Blackcoffeenosugar

The company has been to court three times agains pilots and lost every time.

What goes around comes around. The Latvian state is asking back 530 millions. Since last Friday things are heating up. President of Latvia himself took a position

X - Formerly Twitter

[batushka]

In local media they seem doomed
Also saying that prosecutors are involved, hundreds of millions of taxpayers money were lost

X - Formerly Twitter

[SkyGOAT]

Hello,

How is the overall mood in Air Baltic?
Are most pilots happy about the work/ life balance ?

How are the rosters at the moment and are you out of base most of the month?
Is there any yearly salary review ( inflation correction)?
Do you have split duties and night flights.

Thanks for your feedback

[ctacik]

Originally Posted by SkyGOAT

Hello,

How is the overall mood in Air Baltic?
Are most pilots happy about the work/ life balance ?

How are the rosters at the moment and are you out of base most of the month?
Is there any yearly salary review ( inflation correction)?
Do you have split duties and night flights.

Thanks for your feedback

In bankruptcy mood.
Latvians are aggressive for their tax money loss, justice and politicians got involved, it won't end up well

[uberfly]

Dont forget Latvian state is owner of the Airbaltic. What is the benefit of state if they let them bankrupt and their 530 million debt? A bit economics 101 will help.

[ctacik]

Originally Posted by uberfly

Dont forget Latvian state is owner of the Airbaltic. What is the benefit of state if they let them bankrupt and their 530 million debt? A bit economics 101 will help.

This makes it more complicated. Opposition parties are making a legal case and now they are saying the money that need to be returned to tax payers are 571 millions. If the current government writes them off they will loose the next elections for sure. I remember Latvians complaining they pay with their taxes the brand new A220 and they are flying with the carpatair old F100 cause ab was leasing their planes. They won't mind if slots will be taken by the low cost airlines.
Opposition is attacking for both airbaltic and baltic rail and Latvians who are hit hard by inflation and taxes are following them.
Not only economic but also political and judicial issue, the President of Latvia stated that communications with AB have failed

[SkyGOAT]

Originally Posted by ctacik

In bankruptcy mood.
Latvians are aggressive for their tax money loss, justice and politicians got involved, it won't end up well

Why should they go bankrupt ? The government owns 97% of the shares. They have plans for an IPO on the stockmarket to raise 300 million euros.
Lufthansa wants to invest in BT as well.
BT operations are profitable, so I don’t see a bankruptcy any time soon.

My question was how it really is to work for them.
Is it worth it?
Do you believe the roster will improve in 2025?

Thanks

[ctacik]

Originally Posted by SkyGOAT

Why should they go bankrupt ? The government owns 97% of the shares. They have plans for an IPO on the stockmarket to raise 300 million euros.
Lufthansa wants to invest in BT as well.
BT operations are profitable, so I don’t see a bankruptcy any time soon.

My question was how it really is to work for them.
Is it worth it?
Do you believe the roster will improve in 2025?

Thanks

Cause they have to return 571 millions to the Latvian State that they don't have. Latvian politicians went to the prosecutor office today to make a legal case. Latvian government do not intent to write that debt off cause they will loose the elections if they do so. It's a package of airbaltic, baltic rail and citadele bank that Latvians are after for taxpayers money. Hot potato for the government, excellent opportunity for the opposition.
If any company can't pay and the debt is not written off, then bankrupts. As simple as that
Lufthansa is not interested to invest. There are some rumors that Lithuanians are interested to save them.
I don't think that there will be airbaltic in 2025, but that's up to the prosecutor, I don't know how fast is the justice system in Latvia. Politicians handled airbaltic debt to the Latvian justice

[zen krempie]

Hope the companies that will take their slots, to treat the pilots better

[SkyGOAT]

Thanks for explaining the current situation.

[SkyGOAT]

So I understand that most pilots are not happy in BT and you wouldn’t recommend going there?

Could you explain why the treatment of pilots is so bad?

[ctacik]

Originally Posted by SkyGOAT

So I understand that most pilots are not happy in BT and you wouldn’t recommend going there?

Could you explain why the treatment of pilots is so bad?

If you wanna relocate to Riga, wait a bit to see who will take aB slots. Where did you find the information for Lufthansa to invest in aB? As far as I know they are not interested at all. The info for the Lithuanian investor seems to be in the imagination sphere as well.
It's a waste of time to wonder for aB T&C, they are in the verge of collapse. Latvians got bloodthirsty for their taxmoney loss, government won't write them off

[SkyGOAT]

Originally Posted by ctacik

If you wanna relocate to Riga, wait a bit to see who will take aB slots. Where did you find the information for Lufthansa to invest in aB? As far as I know they are not interested at all. The info for the Lithuanian investor seems to be in the imagination sphere as well.
It's a waste of time to wonder for aB T&C, they are in the verge of collapse. Latvians got bloodthirsty for their taxmoney loss, government won't write them off

www.lsm.lv

article about AB and potential investors.

[ctacik]

Originally Posted by SkyGOAT

www.lsm.lv

article about AB and potential investors.

There isn't any article that says ''Lufthansa wants to invest''
Only some wishful thinking by the author of the article saying that it would be nice if Lufthansa would get involved. Not news just thoughts
I don't think that will find any investor unless the state writes off the 570 millions

[zen krempie]

Originally Posted by ctacik

There isn't any article that says ''Lufthansa wants to invest''
Only some wishful thinking by the author of the article saying that it would be nice if Lufthansa would get involved. Not news just thoughts
I don't think that will find any investor unless the state writes off the 570 millions

If they write off 570 millions, they will need to escape on a helicopter to Russia

[ctacik]

Originally Posted by SkyGOAT

They have plans for an IPO on the stockmarket to raise 300 million euros.

Rumors say that they are abandoning IPO plan, cause of the developing circumstances

[Wroclaw]

Originally Posted by ctacik

Rumors say that they are abandoning IPO plan, cause of the developing circumstances

If this is true, the Latvians have managed to sabotage the country's only strategic company because of their legendary economic incompetence

[ctacik]

Originally Posted by Wroclaw

If this is true, the Latvians have managed to sabotage the country's only strategic company because of their legendary economic incompetence

It is. They will do nothing for now, waiting for a ''strategic investor'' to save aB

[uberfly]

That is just funny. If you believe what you are saying, you are not living in reality. There is no benefit to anyone in the country to bankrupt Air Baltic. Neither to economy nor to politicians. You are just spreading false information. Prosecutor has nothing to do with bankruptcy but only legal consequences.