Air Baltic information
Joined: Jan 2023
Posts: 87
Likes: 7
From: Latvia
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.
Why do you think they canceled the IPO plan? IMO, everybody knows that most probably they will bankrupt so IPO would be a failure. If you have another explanation, I would like to hear it.
Right now, they are lacking 134 millions. And also have 570 millions on debt to state. First half of 2024 had losses, who is gonna cover these losses?
The state? Even if they want to write them off and have early elections after that, they need the approval of European Commission to give away half a billion to an airline. Not to mention that everyone in Latvia feels robed. Their health care system is 20 million behind in funding and can't find these money. And will be happy to continue funding aB which already took 570 millions from taxes?
It was a lady on Latvian TV yesterday who was saying that they need airBaltic cause you can travel direct from Riga to Naples without stopping in Rome. She couldn't find anything better to say. If you think that for reasons like this one, will give away more money you are wrong.
Joined: Jan 2016
Posts: 108
Likes: 38
From: EU
uberfly
Soviet Union is over. State won't fund businesses with losses infinitely
State business has losses
Needs more money
State can't give more money
They are looking for investors
No sane investor puts money on business with half a billion on debt
Business can't pay
Bankruptcy
Welcome to 21st century
Soviet Union is over. State won't fund businesses with losses infinitely
State business has losses
Needs more money
State can't give more money
They are looking for investors
No sane investor puts money on business with half a billion on debt
Business can't pay
Bankruptcy
Welcome to 21st century
Joined: Nov 2018
Posts: 19
Likes: 1
From: Poland
Bankruptcies usually don't benefit anyone, you genius. And won't be the first public business which goes bankrupt
Why do you think they canceled the IPO plan? IMO, everybody knows that most probably they will bankrupt so IPO would be a failure. If you have another explanation, I would like to hear it.
Right now, they are lacking 134 millions. And also have 570 millions on debt to state. First half of 2024 had losses, who is gonna cover these losses?
The state? Even if they want to write them off and have early elections after that, they need the approval of European Commission to give away half a billion to an airline. Not to mention that everyone in Latvia feels robed. Their health care system is 20 million behind in funding and can't find these money. And will be happy to continue funding aB which already took 570 millions from taxes?
It was a lady on Latvian TV yesterday who was saying that they need airBaltic cause you can travel direct from Riga to Naples without stopping in Rome. She couldn't find anything better to say. If you think that for reasons like this one, will give away more money you are wrong.
Why do you think they canceled the IPO plan? IMO, everybody knows that most probably they will bankrupt so IPO would be a failure. If you have another explanation, I would like to hear it.
Right now, they are lacking 134 millions. And also have 570 millions on debt to state. First half of 2024 had losses, who is gonna cover these losses?
The state? Even if they want to write them off and have early elections after that, they need the approval of European Commission to give away half a billion to an airline. Not to mention that everyone in Latvia feels robed. Their health care system is 20 million behind in funding and can't find these money. And will be happy to continue funding aB which already took 570 millions from taxes?
It was a lady on Latvian TV yesterday who was saying that they need airBaltic cause you can travel direct from Riga to Naples without stopping in Rome. She couldn't find anything better to say. If you think that for reasons like this one, will give away more money you are wrong.
Firstly, the losses in the first half of 2024 are not real, they are accounting losses, and I'll let you have a look at airBaltic's balance sheets. If I remember correctly: 40 million for engine depreciation and 40 million for investment (probably a new simulator). It's not money, it's a book value. The operations themselves are generating profits, which is already very positive. They are investing massively in their growth at the moment, which is affecting the financial results. This is perfectly normal for any company at this stage. Then comes the reduction in costs and long-term profitability.
Secondly, the Latvian state has benefited enormously from airBaltic's expansion in recent years. We're talking about 400 million in taxes generated by the company alone over this same period. Indirect income (tourism, high value-added jobs, development of the airport and postal services) must far exceed the 570 million in total investment.
All the more so as the IPO was intended to enable the Latvian government to withdraw from the company and put a price on it. It is easy to imagine that such a company could be valued at several hundred million euros. So to sum up, the Latvian government's ‘losses’ were already quite negligible in basic terms, or even in profit thanks to all the business generated, but on top of that they could have recouped several hundred million euros in cash by selling their share...
Thirdly, airBaltic's financial strategy is fairly straightforward for anyone with a modicum of economic knowledge.
They have recently issued debt at a huge rate, allowing them to pay off the debts from the Covid period (which airbaltic is not responsible for, like the idiotic closure of the borders with Russia, by the way) in the short term. This loan is not viable in the long term with such rates. So the strategy was probably to go public to raise funds to pay off this debt quickly and finance future expansion in neighbouring countries. An intelligent strategy, provided that the government is not incompetent in these matters. By preventing the IPO, airBaltic will go bankrupt.
And in that case, the state will have nothing to do but bail out the company by paying off its debts (remember, airBaltic's operations are profitable, the company's problem is its debt). Otherwise, the company will disappear and the consequences for Latvia of the disappearance of such a large company will be catastrophic for the country. Everyone understands this except Latvians, who apparently still live under the Soviet Union mentality.
To conclude, the Latvians are killing a strategic company that contributes directly to 2% of their country's GDP, and perhaps 5% indirectly, because no one is capable of understanding that the economy is no longer Soviet and that the State is an economic agent that has its income in the form of taxes. I imagine that the buzz and the next elections are more important than the economic health of a country that has become a ghost country since the Covid.
They're probably going to prevent the IPO, which will plummet BT's finances (even though the state benefits greatly from the economic activity generated) and will surely bankrupt it. It's going to be a long-term drain on public finances. For no other reason than stupidity, let's remind ourselves one last time. Then, once airBaltic is in an unsustainable situation, we'll be rewarded with speeches from politicians explaining to the public that it's all airBaltic's fault. In short, the classic story of a public company. It's nothing new.
I'm telling you this without bias, I don't intend to stay with this company for long. Whether airBaltic goes bankrupt or not is of no importance to me. It's not my public finances, it's not my country, it's not my national airline. Latvians want to make a mess of the only company that brings any economic activity whatsoever, where prices have become insane and totally disconnected from the reality of the wealth produced in this country? Well, not my problem.
Joined: Oct 2016
Posts: 79
Likes: 62
From: homeless
airBaltic will not go bankrupt. These 570 million stories reflect the general public's lack of understanding of modern economics.
Firstly, the losses in the first half of 2024 are not real, they are accounting losses, and I'll let you have a look at airBaltic's balance sheets. If I remember correctly: 40 million for engine depreciation and 40 million for investment (probably a new simulator). It's not money, it's a book value. The operations themselves are generating profits, which is already very positive. They are investing massively in their growth at the moment, which is affecting the financial results. This is perfectly normal for any company at this stage. Then comes the reduction in costs and long-term profitability.
Secondly, the Latvian state has benefited enormously from airBaltic's expansion in recent years. We're talking about 400 million in taxes generated by the company alone over this same period. Indirect income (tourism, high value-added jobs, development of the airport and postal services) must far exceed the 570 million in total investment.
All the more so as the IPO was intended to enable the Latvian government to withdraw from the company and put a price on it. It is easy to imagine that such a company could be valued at several hundred million euros. So to sum up, the Latvian government's ‘losses’ were already quite negligible in basic terms, or even in profit thanks to all the business generated, but on top of that they could have recouped several hundred million euros in cash by selling their share...
Thirdly, airBaltic's financial strategy is fairly straightforward for anyone with a modicum of economic knowledge.
They have recently issued debt at a huge rate, allowing them to pay off the debts from the Covid period (which airbaltic is not responsible for, like the idiotic closure of the borders with Russia, by the way) in the short term. This loan is not viable in the long term with such rates. So the strategy was probably to go public to raise funds to pay off this debt quickly and finance future expansion in neighbouring countries. An intelligent strategy, provided that the government is not incompetent in these matters. By preventing the IPO, airBaltic will go bankrupt.
And in that case, the state will have nothing to do but bail out the company by paying off its debts (remember, airBaltic's operations are profitable, the company's problem is its debt). Otherwise, the company will disappear and the consequences for Latvia of the disappearance of such a large company will be catastrophic for the country. Everyone understands this except Latvians, who apparently still live under the Soviet Union mentality.
To conclude, the Latvians are killing a strategic company that contributes directly to 2% of their country's GDP, and perhaps 5% indirectly, because no one is capable of understanding that the economy is no longer Soviet and that the State is an economic agent that has its income in the form of taxes. I imagine that the buzz and the next elections are more important than the economic health of a country that has become a ghost country since the Covid.
They're probably going to prevent the IPO, which will plummet BT's finances (even though the state benefits greatly from the economic activity generated) and will surely bankrupt it. It's going to be a long-term drain on public finances. For no other reason than stupidity, let's remind ourselves one last time. Then, once airBaltic is in an unsustainable situation, we'll be rewarded with speeches from politicians explaining to the public that it's all airBaltic's fault. In short, the classic story of a public company. It's nothing new.
I'm telling you this without bias, I don't intend to stay with this company for long. Whether airBaltic goes bankrupt or not is of no importance to me. It's not my public finances, it's not my country, it's not my national airline. Latvians want to make a mess of the only company that brings any economic activity whatsoever, where prices have become insane and totally disconnected from the reality of the wealth produced in this country? Well, not my problem.
Firstly, the losses in the first half of 2024 are not real, they are accounting losses, and I'll let you have a look at airBaltic's balance sheets. If I remember correctly: 40 million for engine depreciation and 40 million for investment (probably a new simulator). It's not money, it's a book value. The operations themselves are generating profits, which is already very positive. They are investing massively in their growth at the moment, which is affecting the financial results. This is perfectly normal for any company at this stage. Then comes the reduction in costs and long-term profitability.
Secondly, the Latvian state has benefited enormously from airBaltic's expansion in recent years. We're talking about 400 million in taxes generated by the company alone over this same period. Indirect income (tourism, high value-added jobs, development of the airport and postal services) must far exceed the 570 million in total investment.
All the more so as the IPO was intended to enable the Latvian government to withdraw from the company and put a price on it. It is easy to imagine that such a company could be valued at several hundred million euros. So to sum up, the Latvian government's ‘losses’ were already quite negligible in basic terms, or even in profit thanks to all the business generated, but on top of that they could have recouped several hundred million euros in cash by selling their share...
Thirdly, airBaltic's financial strategy is fairly straightforward for anyone with a modicum of economic knowledge.
They have recently issued debt at a huge rate, allowing them to pay off the debts from the Covid period (which airbaltic is not responsible for, like the idiotic closure of the borders with Russia, by the way) in the short term. This loan is not viable in the long term with such rates. So the strategy was probably to go public to raise funds to pay off this debt quickly and finance future expansion in neighbouring countries. An intelligent strategy, provided that the government is not incompetent in these matters. By preventing the IPO, airBaltic will go bankrupt.
And in that case, the state will have nothing to do but bail out the company by paying off its debts (remember, airBaltic's operations are profitable, the company's problem is its debt). Otherwise, the company will disappear and the consequences for Latvia of the disappearance of such a large company will be catastrophic for the country. Everyone understands this except Latvians, who apparently still live under the Soviet Union mentality.
To conclude, the Latvians are killing a strategic company that contributes directly to 2% of their country's GDP, and perhaps 5% indirectly, because no one is capable of understanding that the economy is no longer Soviet and that the State is an economic agent that has its income in the form of taxes. I imagine that the buzz and the next elections are more important than the economic health of a country that has become a ghost country since the Covid.
They're probably going to prevent the IPO, which will plummet BT's finances (even though the state benefits greatly from the economic activity generated) and will surely bankrupt it. It's going to be a long-term drain on public finances. For no other reason than stupidity, let's remind ourselves one last time. Then, once airBaltic is in an unsustainable situation, we'll be rewarded with speeches from politicians explaining to the public that it's all airBaltic's fault. In short, the classic story of a public company. It's nothing new.
I'm telling you this without bias, I don't intend to stay with this company for long. Whether airBaltic goes bankrupt or not is of no importance to me. It's not my public finances, it's not my country, it's not my national airline. Latvians want to make a mess of the only company that brings any economic activity whatsoever, where prices have become insane and totally disconnected from the reality of the wealth produced in this country? Well, not my problem.
Riga is not the tourist magnet it used to be, who in good mind will buy beer for 6 euro when it used to be 50 cents in 2010?
Joined: Jan 2023
Posts: 87
Likes: 7
From: Latvia
airBaltic will not go bankrupt. These 570 million stories reflect the general public's lack of understanding of modern economics.
Firstly, the losses in the first half of 2024 are not real, they are accounting losses, and I'll let you have a look at airBaltic's balance sheets. If I remember correctly: 40 million for engine depreciation and 40 million for investment (probably a new simulator). It's not money, it's a book value. The operations themselves are generating profits, which is already very positive. They are investing massively in their growth at the moment, which is affecting the financial results. This is perfectly normal for any company at this stage. Then comes the reduction in costs and long-term profitability.
Secondly, the Latvian state has benefited enormously from airBaltic's expansion in recent years. We're talking about 400 million in taxes generated by the company alone over this same period. Indirect income (tourism, high value-added jobs, development of the airport and postal services) must far exceed the 570 million in total investment.
All the more so as the IPO was intended to enable the Latvian government to withdraw from the company and put a price on it. It is easy to imagine that such a company could be valued at several hundred million euros. So to sum up, the Latvian government's ‘losses’ were already quite negligible in basic terms, or even in profit thanks to all the business generated, but on top of that they could have recouped several hundred million euros in cash by selling their share...
Thirdly, airBaltic's financial strategy is fairly straightforward for anyone with a modicum of economic knowledge.
They have recently issued debt at a huge rate, allowing them to pay off the debts from the Covid period (which airbaltic is not responsible for, like the idiotic closure of the borders with Russia, by the way) in the short term. This loan is not viable in the long term with such rates. So the strategy was probably to go public to raise funds to pay off this debt quickly and finance future expansion in neighbouring countries. An intelligent strategy, provided that the government is not incompetent in these matters. By preventing the IPO, airBaltic will go bankrupt.
And in that case, the state will have nothing to do but bail out the company by paying off its debts (remember, airBaltic's operations are profitable, the company's problem is its debt). Otherwise, the company will disappear and the consequences for Latvia of the disappearance of such a large company will be catastrophic for the country. Everyone understands this except Latvians, who apparently still live under the Soviet Union mentality.
To conclude, the Latvians are killing a strategic company that contributes directly to 2% of their country's GDP, and perhaps 5% indirectly, because no one is capable of understanding that the economy is no longer Soviet and that the State is an economic agent that has its income in the form of taxes. I imagine that the buzz and the next elections are more important than the economic health of a country that has become a ghost country since the Covid.
They're probably going to prevent the IPO, which will plummet BT's finances (even though the state benefits greatly from the economic activity generated) and will surely bankrupt it. It's going to be a long-term drain on public finances. For no other reason than stupidity, let's remind ourselves one last time. Then, once airBaltic is in an unsustainable situation, we'll be rewarded with speeches from politicians explaining to the public that it's all airBaltic's fault. In short, the classic story of a public company. It's nothing new.
I'm telling you this without bias, I don't intend to stay with this company for long. Whether airBaltic goes bankrupt or not is of no importance to me. It's not my public finances, it's not my country, it's not my national airline. Latvians want to make a mess of the only company that brings any economic activity whatsoever, where prices have become insane and totally disconnected from the reality of the wealth produced in this country? Well, not my problem.
Firstly, the losses in the first half of 2024 are not real, they are accounting losses, and I'll let you have a look at airBaltic's balance sheets. If I remember correctly: 40 million for engine depreciation and 40 million for investment (probably a new simulator). It's not money, it's a book value. The operations themselves are generating profits, which is already very positive. They are investing massively in their growth at the moment, which is affecting the financial results. This is perfectly normal for any company at this stage. Then comes the reduction in costs and long-term profitability.
Secondly, the Latvian state has benefited enormously from airBaltic's expansion in recent years. We're talking about 400 million in taxes generated by the company alone over this same period. Indirect income (tourism, high value-added jobs, development of the airport and postal services) must far exceed the 570 million in total investment.
All the more so as the IPO was intended to enable the Latvian government to withdraw from the company and put a price on it. It is easy to imagine that such a company could be valued at several hundred million euros. So to sum up, the Latvian government's ‘losses’ were already quite negligible in basic terms, or even in profit thanks to all the business generated, but on top of that they could have recouped several hundred million euros in cash by selling their share...
Thirdly, airBaltic's financial strategy is fairly straightforward for anyone with a modicum of economic knowledge.
They have recently issued debt at a huge rate, allowing them to pay off the debts from the Covid period (which airbaltic is not responsible for, like the idiotic closure of the borders with Russia, by the way) in the short term. This loan is not viable in the long term with such rates. So the strategy was probably to go public to raise funds to pay off this debt quickly and finance future expansion in neighbouring countries. An intelligent strategy, provided that the government is not incompetent in these matters. By preventing the IPO, airBaltic will go bankrupt.
And in that case, the state will have nothing to do but bail out the company by paying off its debts (remember, airBaltic's operations are profitable, the company's problem is its debt). Otherwise, the company will disappear and the consequences for Latvia of the disappearance of such a large company will be catastrophic for the country. Everyone understands this except Latvians, who apparently still live under the Soviet Union mentality.
To conclude, the Latvians are killing a strategic company that contributes directly to 2% of their country's GDP, and perhaps 5% indirectly, because no one is capable of understanding that the economy is no longer Soviet and that the State is an economic agent that has its income in the form of taxes. I imagine that the buzz and the next elections are more important than the economic health of a country that has become a ghost country since the Covid.
They're probably going to prevent the IPO, which will plummet BT's finances (even though the state benefits greatly from the economic activity generated) and will surely bankrupt it. It's going to be a long-term drain on public finances. For no other reason than stupidity, let's remind ourselves one last time. Then, once airBaltic is in an unsustainable situation, we'll be rewarded with speeches from politicians explaining to the public that it's all airBaltic's fault. In short, the classic story of a public company. It's nothing new.
I'm telling you this without bias, I don't intend to stay with this company for long. Whether airBaltic goes bankrupt or not is of no importance to me. It's not my public finances, it's not my country, it's not my national airline. Latvians want to make a mess of the only company that brings any economic activity whatsoever, where prices have become insane and totally disconnected from the reality of the wealth produced in this country? Well, not my problem.
Latvians and tourists would prefer more flights from RIX with the low cost airlines. Riga is a destination for budget tourists, expensive tickets like aB provides is more harm than good for tourism
Joined: Jan 2016
Posts: 108
Likes: 38
From: EU
Joined: Dec 2022
Posts: 72
Likes: 5
From: EU
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.
Joined: Jan 2023
Posts: 87
Likes: 7
From: Latvia
The president of Latvian Republic yesterday said that the state can't support airBaltic for ever
https://x.com/tv24_lv/status/1833370567661261269
https://x.com/tv24_lv/status/1833370567661261269
Can't survive without pumping more tax money, no investor will fund them with the complicated debt to state. Complicated because it is against EU regulations to write it of and also needs approval from Latvian parliament.
On October their parliament will discuss next year's budget, let's see what they will vote for aB
Joined: Jan 2008
Posts: 846
Likes: 46
From: Switzerland ... oh wait: Swaziland
Don't worry, Lufthansa will snap it up for a bargain price.
https://www.bloomberg.com/news/artic...d&cmpId=google
https://www.bloomberg.com/news/artic...d&cmpId=google
Joined: Jan 2023
Posts: 87
Likes: 7
From: Latvia
Don't worry, Lufthansa will snap it up for a bargain price.
https://www.bloomberg.com/news/artic...d&cmpId=google
https://www.bloomberg.com/news/artic...d&cmpId=google
Lufthansa would have to pay the 570 millions debt to state to make aB clear of complications with European Commission and Latvian State
But only 325 millions were needed to buy 41% of ITA which had profits of 70 millions before LH investment and not losses like airBaltic. Also ITA has much more popular destinations, more than double the fleet with larger capacity aircrafts including widebodies.
These anonymous sources seem to express their wishful thinking rather the reality
Joined: Apr 2013
Posts: 84
Likes: 0
From: Europe
Regarding Air Baltic and Lufthansa one should not forget that they have just extended their wet lease agreement with LH Group for another 3 years, (temporary) crew bases at LH bases such as VIE, MUC and BRU were announced. Looking at Air Baltics Summer OPS at DUS for Eurowings I could imagine that might become the 4th base. Lufthansa City has orders for Airbus A220-300 and it shows what LH thinks is the right sized aircraft for their feeder flights and it helps them to get rid of older A319s from their fleet while maintaining the same network and capacity, plus an in-house flexible ACMI operator for the whole group could be a good solution. I can see Air Baltic becoming part of LH Group and given their small own network I don't think the EU would block the transaction.
Joined: Jan 2023
Posts: 87
Likes: 7
From: Latvia
European Commission will not accept to write off 570 millions of State loan, not that their MPs willing to write it off. The only way for Lufthansa to buy aB is to pay off that 570 millions debt for start, which is highly unlikely. Lufthansa wet leases from multiple sources including aB for many years now, nothing new
Joined: Mar 2001
Posts: 4,563
Likes: 35
From: I wouldn't know.
Regarding Air Baltic and Lufthansa one should not forget that they have just extended their wet lease agreement with LH Group for another 3 years, (temporary) crew bases at LH bases such as VIE, MUC and BRU were announced. Looking at Air Baltics Summer OPS at DUS for Eurowings I could imagine that might become the 4th base. Lufthansa City has orders for Airbus A220-300 and it shows what LH thinks is the right sized aircraft for their feeder flights and it helps them to get rid of older A319s from their fleet while maintaining the same network and capacity, plus an in-house flexible ACMI operator for the whole group could be a good solution. I can see Air Baltic becoming part of LH Group and given their small own network I don't think the EU would block the transaction.
There was once an airline that flew 38 A320 for Eurowings, and another 15 or so for Austrian, and could have been bought for next to nothing once they had a problem. Lufthansa rather let them go under and picked up the aircraft from the lessors, hired pilots just like any other with the normal application process. Another Airline that was partly run by Martin Gauss before as well.
Joined: Aug 2023
Posts: 12
Likes: 0
From: Timboektoe
Hello,
Could an active AB pilot tell me how many days you are at home and how is the work/ life balance.
Is there a bidding system based on seniority?
Do you think the roster will improve next year?
Next summer 22 aircraft will be leased out to Lufthansa group.
Are they short on staff?
I would like to get some information before making any decision.
thanks
Could an active AB pilot tell me how many days you are at home and how is the work/ life balance.
Is there a bidding system based on seniority?
Do you think the roster will improve next year?
Next summer 22 aircraft will be leased out to Lufthansa group.
Are they short on staff?
I would like to get some information before making any decision.
thanks
Joined: Dec 2022
Posts: 72
Likes: 5
From: EU
Hello,
Could an active AB pilot tell me how many days you are at home and how is the work/ life balance.
Is there a bidding system based on seniority?
Do you think the roster will improve next year?
Next summer 22 aircraft will be leased out to Lufthansa group.
Are they short on staff?
I would like to get some information before making any decision.
thanks
Could an active AB pilot tell me how many days you are at home and how is the work/ life balance.
Is there a bidding system based on seniority?
Do you think the roster will improve next year?
Next summer 22 aircraft will be leased out to Lufthansa group.
Are they short on staff?
I would like to get some information before making any decision.
thanks
You can come to the Kiwi Bar in old Riga to take some first hand information. It's the favorite spot of AB pilots. You posted an article that was only on Latvian version of LSM and I assume you are a Latvian, if you live in Riga you will have an actual conversation in Kiwi. AB is leasing to Lufthansa for many years now
Regarding next year guesses, most probably won't be an AB next year, your President said that State can't support AB for ever
Joined: Aug 2023
Posts: 12
Likes: 0
From: Timboektoe
Hello
You can come to the Kiwi Bar in old Riga to take some first hand information. It's the favorite spot of AB pilots. You posted an article that was only on Latvian version of LSM and I assume you are a Latvian, if you live in Riga you will have an actual conversation in Kiwi. AB is leasing to Lufthansa for many years now
Regarding next year guesses, most probably won't be an AB next year, your President said that State can't support AB for ever
You can come to the Kiwi Bar in old Riga to take some first hand information. It's the favorite spot of AB pilots. You posted an article that was only on Latvian version of LSM and I assume you are a Latvian, if you live in Riga you will have an actual conversation in Kiwi. AB is leasing to Lufthansa for many years now
Regarding next year guesses, most probably won't be an AB next year, your President said that State can't support AB for ever
that’s all. Can nobody answer my questions?
Joined: Jan 2016
Posts: 108
Likes: 38
From: EU
Airbaltic's debt to Latvia is 570 millions
Joined: Jan 2023
Posts: 87
Likes: 7
From: Latvia
From the same media outlet, today the Latvian general prosecutor officially opened a case for the tax money that were pumped to aB
Last edited by ctacik; 17th September 2024 at 17:38.
Joined: Sep 2024
Posts: 8
Likes: 0
From: Finland
Hi people,
I'm new to this forum and quite interested in the aB situation, since I'm thinking about their pilot academy. Hence I read through this thread, I feel like the employer it self might not be doing so good in every aspect. Specially the situation with the IPO and the government loan seem a bit worrying...
If someone is interested in giving genuine insight about working there I would like to hear it.
The benefits they seem to be giving to CO-pilots signing up as of 01.01.2025 don't seem that bad from my newbie point of view:
-Base salary of 4500€/month, 4900€ the next year and 5300€ the next and 6000€ as a SFO + productivity and "duty trip compensation"
-Roster with min. 11days of in 2blocks of 4days off
-20 paid vacation days a year
-Unlimited home leave tickets
-a few different insuraces etc.
What are your toughts about this, is it that bad tough?
I'm new to this forum and quite interested in the aB situation, since I'm thinking about their pilot academy. Hence I read through this thread, I feel like the employer it self might not be doing so good in every aspect. Specially the situation with the IPO and the government loan seem a bit worrying...
If someone is interested in giving genuine insight about working there I would like to hear it.
The benefits they seem to be giving to CO-pilots signing up as of 01.01.2025 don't seem that bad from my newbie point of view:
-Base salary of 4500€/month, 4900€ the next year and 5300€ the next and 6000€ as a SFO + productivity and "duty trip compensation"
-Roster with min. 11days of in 2blocks of 4days off
-20 paid vacation days a year
-Unlimited home leave tickets
-a few different insuraces etc.
What are your toughts about this, is it that bad tough?
Joined: Aug 2024
Posts: 14
Likes: 6
From: Helsinki
Hi people,
I'm new to this forum and quite interested in the aB situation, since I'm thinking about their pilot academy. Hence I read through this thread, I feel like the employer it self might not be doing so good in every aspect. Specially the situation with the IPO and the government loan seem a bit worrying...
If someone is interested in giving genuine insight about working there I would like to hear it.
The benefits they seem to be giving to CO-pilots signing up as of 01.01.2025 don't seem that bad from my newbie point of view:
-Base salary of 4500€/month, 4900€ the next year and 5300€ the next and 6000€ as a SFO + productivity and "duty trip compensation"
-Roster with min. 11days of in 2blocks of 4days off
-20 paid vacation days a year
-Unlimited home leave tickets
-a few different insuraces etc.
What are your toughts about this, is it that bad tough?
I'm new to this forum and quite interested in the aB situation, since I'm thinking about their pilot academy. Hence I read through this thread, I feel like the employer it self might not be doing so good in every aspect. Specially the situation with the IPO and the government loan seem a bit worrying...
If someone is interested in giving genuine insight about working there I would like to hear it.
The benefits they seem to be giving to CO-pilots signing up as of 01.01.2025 don't seem that bad from my newbie point of view:
-Base salary of 4500€/month, 4900€ the next year and 5300€ the next and 6000€ as a SFO + productivity and "duty trip compensation"
-Roster with min. 11days of in 2blocks of 4days off
-20 paid vacation days a year
-Unlimited home leave tickets
-a few different insuraces etc.
What are your toughts about this, is it that bad tough?
I had a conversation yesterday with a pilot friend who came back in Finland without a job after a year with Air Baltic because it wasn't as expected. No Tampere base, no fast command. Salary after taxes around 3k Told me that things are bad, and everyone is trying to leave before the bankruptcy. That's why they reduced from 1000 hours to 300 hours for first officers
Last edited by juxa; 23rd September 2024 at 05:57. Reason: typo