Air Baltic information
Joined: Jan 2016
Posts: 108
Likes: 38
From: EU
Worst case for Lufthansa to lose the 14 millions to invest for 10%
btw if 10% is 14 millions then the total value is 140 millions? And in debt for a billion?
Joined: Jan 2008
Posts: 846
Likes: 46
From: Switzerland ... oh wait: Swaziland
Of course it isn't. Surely an EU airline can't even get 500 millions of illegal aid due to the strict and fully forced laws. And if (for some miracle) it would happen they must pay back every penny like each and every airline did since the first day of the European Coal and Steel Community. Maybe it would be useful to study the history of a certain LH protege called Polskie Linie Lotnice.
Joined: Jan 2016
Posts: 108
Likes: 38
From: EU
Of course it isn't. Surely an EU airline can't even get 500 millions of illegal aid due to the strict and fully forced laws. And if (for some miracle) it would happen they must pay back every penny like each and every airline did since the first day of the European Coal and Steel Community. Maybe it would be useful to study the history of a certain LH protege called Polskie Linie Lotnice.
Joined: Jan 2008
Posts: 846
Likes: 46
From: Switzerland ... oh wait: Swaziland
If you would, you'd call it Malév anyway. And if you ever worked there you know how disfunctional and pathetic an "airline" that was. It well deserved it because of the "lopjunk el mindent, ami nincs lebetonozva" mentality of it's employees, management and the state. It was the best example of "soviestki" existing within the EU which you claim to be impossible.
Joined: Jan 2023
Posts: 87
Likes: 7
From: Latvia
If you would, you'd call it Malév anyway. And if you ever worked there you know how disfunctional and pathetic an "airline" that was. It well deserved it because of the "lopjunk el mindent, ami nincs lebetonozva" mentality of it's employees, management and the state. It was the best example of "soviestki" existing within the EU which you claim to be impossible.
Joined: Apr 2019
Posts: 5
Likes: 0
From: Austria
Of course it isn't. Surely an EU airline can't even get 500 millions of illegal aid due to the strict and fully forced laws. And if (for some miracle) it would happen they must pay back every penny like each and every airline did since the first day of the European Coal and Steel Community. Maybe it would be useful to study the history of a certain LH protege called Polskie Linie Lotnice.
So there is a realistic scenario where Latvia is allowed to (partly) forgive debts, the IPO money is used to partly pay back some high interest bonds and AirBaltic ends up with a sustainable level of debt.
IMHO much depends on the political Situation in Latvia and the geopolitical developments in the next months.
Joined: Dec 2022
Posts: 72
Likes: 5
From: EU
There are certain conditions under which the EU Commission is allowed to grant state aid.
So there is a realistic scenario where Latvia is allowed to (partly) forgive debts, the IPO money is used to partly pay back some high interest bonds and AirBaltic ends up with a sustainable level of debt.
IMHO much depends on the political Situation in Latvia and the geopolitical developments in the next months.
So there is a realistic scenario where Latvia is allowed to (partly) forgive debts, the IPO money is used to partly pay back some high interest bonds and AirBaltic ends up with a sustainable level of debt.
IMHO much depends on the political Situation in Latvia and the geopolitical developments in the next months.
They managed to get only 14 millions from LH
Few months ago they were advertising sales on tickets and later canceled these flights because they will send 5 aircrafts for ACMI in Uruguay making Latvians fuming more. I think is the least loved company in Latvia
Joined: Jan 2024
Posts: 4
Likes: 0
From: EU
Latvians are fuming for their money that funded AB, I don't think any politician will vote to partly forgive the 540 millions to state, (and another 500+ millions to others) even if EU agreed (really doubt)
They managed to get only 14 millions from LH
Few months ago they were advertising sales on tickets and later canceled these flights because they will send 5 aircrafts for ACMI in Uruguay making Latvians fuming more. I think is the least loved company in Latvia
They managed to get only 14 millions from LH
Few months ago they were advertising sales on tickets and later canceled these flights because they will send 5 aircrafts for ACMI in Uruguay making Latvians fuming more. I think is the least loved company in Latvia
Even without leasing planes to Uruguay, they would still have had to cancel those summer flights.
My 2 cents is the company will survive for the next 2 years at least, with or without Latvian tax payer money. With LH investing, regardless of the amount, it is sending a positive signal for the IPO, in which BTI will manage to finance itself back to healthier levels.
If the IPO doesn’t go through, they might still survive for a few more months/years by issuing another private bond(s), again thanks to the image of LH group investing. And go on for a few years like that, issuing bonds to repay the previous ones. It’s not healthy but it’s survivable for some time.
Last edited by Inverted.Panda; 15th February 2025 at 09:20.
Joined: Jul 2007
Posts: 2,731
Likes: 53
From: World
Joined: Jan 2016
Posts: 108
Likes: 38
From: EU
Of course it isn't. Surely an EU airline can't even get 500 millions of illegal aid due to the strict and fully forced laws. And if (for some miracle) it would happen they must pay back every penny like each and every airline did since the first day of the European Coal and Steel Community. Maybe it would be useful to study the history of a certain LH protege called Polskie Linie Lotnice.
https://bnn-news.com/airbaltic-group...st-year-265908
Joined: Jul 2022
Posts: 30
Likes: 4
From: Germany
They added another 118 millions of losses in 2024
https://bnn-news.com/airbaltic-group...st-year-265908
https://bnn-news.com/airbaltic-group...st-year-265908
Joined: Jul 2012
Posts: 5
Likes: 0
From: Europe
Martin Gauss, long-time CEO and chairman of Latvian airline airBaltic, has been dismissed, reports the Ministry of Transport on 7 April.
Following a shareholders' meeting at which the Transport Ministry called for a vote of no confidence in Gauss, airBaltic's Supervisory Board convened an extraordinary Supervisory Board meeting. In view of the shareholders' vote of no confidence, the Supervisory Board decided to dismiss the current Chairman of the Board, Martin Gauss, as of 7 April.
Following a shareholders' meeting at which the Transport Ministry called for a vote of no confidence in Gauss, airBaltic's Supervisory Board convened an extraordinary Supervisory Board meeting. In view of the shareholders' vote of no confidence, the Supervisory Board decided to dismiss the current Chairman of the Board, Martin Gauss, as of 7 April.
Joined: Jul 2018
Posts: 202
Likes: 69
From: on the edge.
Joined: Jan 2016
Posts: 108
Likes: 38
From: EU
Martin Gauss, long-time CEO and chairman of Latvian airline airBaltic, has been dismissed, reports the Ministry of Transport on 7 April.
Following a shareholders' meeting at which the Transport Ministry called for a vote of no confidence in Gauss, airBaltic's Supervisory Board convened an extraordinary Supervisory Board meeting. In view of the shareholders' vote of no confidence, the Supervisory Board decided to dismiss the current Chairman of the Board, Martin Gauss, as of 7 April.
Following a shareholders' meeting at which the Transport Ministry called for a vote of no confidence in Gauss, airBaltic's Supervisory Board convened an extraordinary Supervisory Board meeting. In view of the shareholders' vote of no confidence, the Supervisory Board decided to dismiss the current Chairman of the Board, Martin Gauss, as of 7 April.
The same CEO was in Malev before the bankruptcy
Joined: Jan 2023
Posts: 87
Likes: 7
From: Latvia
No, not offended at all. I flew the JS31/32 for a solid and quite fun 4 years (though never for AIS). But I have been flying jets for many years since, without any particular interest in airBaltic. It is just a bit weird that a handful of posters here got upset, and have since been salty, that a company gives applicants MORE opportunity instead of less.
I would say it does not really negatively affect anyone already employed in AB if you get some guys with actual commercial flying experience instead of cadets only? Anyway, carry on.
I would say it does not really negatively affect anyone already employed in AB if you get some guys with actual commercial flying experience instead of cadets only? Anyway, carry on.
AB Cadets only?
Had a chat with a Captain who fell behind, he has hard time with pilots who got hired just having a CPL outside of Airbaltic Academy, like a French lady with 0 hours on turbo prop airplanes, just her CPL from France, while they are advertising only senior first officers positions
Joined: Nov 2024
Posts: 48
Likes: 22
From: Malmö
Back in Riga just for holidays this time
AB Cadets only?
Had a chat with a Captain who fell behind, he has hard time with pilots who got hired just having a CPL outside of Airbaltic Academy, like a French lady with 0 hours on turbo prop airplanes, just her CPL from France, while they are advertising only senior first officers positions
AB Cadets only?
Had a chat with a Captain who fell behind, he has hard time with pilots who got hired just having a CPL outside of Airbaltic Academy, like a French lady with 0 hours on turbo prop airplanes, just her CPL from France, while they are advertising only senior first officers positions
Joined: Oct 2016
Posts: 79
Likes: 62
From: homeless
I don’t get it, they’re advertising for DEC and experienced FOs for a fast track, but at the same time they will most likely go into reconstruction or bankruptcy… Is it that hard to fill the positions on the A220? If they go under it’s a pretty useless type rating to hold. Anyone who has applied recently and can shed some light?
I heard from a friend that the T&C's aren't getting any better, and management is pressuring the crews to tighten their belts.