airBaltic adds destinations for summer season

Take note – story published 9 years ago

This weekend national passenger aviation company airBaltic is launching summer routes to nine new destinations, saying this will link the Baltic region even tighter with Europe, the Middle East and Central Asia.

However, given “complications in Eastern markets, we have reduced the number of flights to the east in favor of favorite sunny cities in the Mediterranean and Baltic,” said the airline’s commercial director Christophe Viatte.

Beginning March 29 airBaltic’s route map will include Aalborg (Denmark), Heringsdorf (Germany), Dubrovnik (Croatia), Rhodes and Thessaloniki (Greece), and Pisa (Italy). 

The passenger airline says it will continue strengthening its links to Scandinavia, as well as open new routes from Tallinn to Berlin and Vienna. In addition, it is rescheduling many flights to earlier morning hours in order to allow for more time spent in layovers at cities like Hamburg, Munich, Paris, London, Amsterdam, Zurich and Berlin.

airBaltic, founded in 1995, is a joint-stock company owned 99.8% by the Latvian state.

Last year the European Commission approved the government’s financial support program for the airline as being in line with anti-competition regulations. In February airBaltic was announced to be the world’s most punctual airline according to its flight scheduling records.

Earlier this week, airBaltic CEP Martin Gauss told newswire BNS the four-year search for a strategic investor is still underway, but corporate activity goes on as usual.

"We can continue work without an investor. We have sufficient resources to achieve growth, but next year new airplanes will be delivered, and if there were more financing available, we could acheive better terms. Therefore it would be good to have an investor lined up when we receive the new planes," he said.

The company’s unaudited profit for 2014 is forecast to reach between €9 and €10 million.

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