Latvia's airBaltic "to leave the Russian market"

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Latvian airline airBaltic announced March 4 it was pulling out of the Russian market completely.

CEO and Chairman Martin Gauss said:

The company has already suspended all flights to and from Russian destinations until the end of May in the wake of Russia's invasion of Ukraine and the closing of a large proportion of international airspace to Russian carriers.

Now that decision has been extended, if not permanently, then indefinitely. A similarly worded company press release said the move would be "until further notice".

It marks a notable turnaround in strategy for the company which, when under previous management more than a decade ago, treating Russian destinations as its most important routes and the key to growth. Under Gauss however, the destination list and business model have become much more diverse. 

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