|Founded||28 August 1995|
|Commenced operations||1 October 1995|
|Hubs||Riga International Airport|
|Parent company||Government of Latvia|
|Headquarters||Mārupe municipality, Latvia|
|Key people||Martin Gauss (CEO)|
|Revenue||€408.7 million (US$ 459.7 million) (2018)|
|Profit||€5.4 million (2018)|
airBaltic, legally incorporated as AS Air Baltic Corporation, is the flag carrier of Latvia, with its head office on the grounds of Riga International Airport in Mārupe municipality near Riga. Its hub is at Riga International Airport with further bases at Tallinn Airport and Vilnius Airport.
The airline was established as Air Baltic on 28 August 1995 with the signing of a joint venture between Scandinavian Airlines (SAS) and the Latvian state. Operations started on 1 October 1995 with the arrival of the first Air Baltic aircraft, a Saab 340, at Riga, and that afternoon, the plane made the first passenger flight for Air Baltic.
In 1996, the airline's first Avro RJ70 was delivered; and Air Baltic joined the SAS frequent flier club as a partner. 1997 saw the opening of a cargo department and, in 1998, the airline's first Fokker 50 plane was delivered. The adopted livery was mainly white, with the name of the airline written in blue on the forward fuselage, the 'B' logo being heavily stylized in blue checks. The checker blue pattern was repeated on the aircraft tailfin.
In 1999, airBaltic became a joint stock company; it was previously a limited liability company. All of their Saab 340s were replaced by Fokker 50s. By September, the airline had begun operating under the European Aviation Operating Standards, or JAR ops. Air Baltic welcomed the new millennium by introducing new uniforms and opening a cargo centre at Riga's airport.
The first Boeing 737–500 joined the fleet in 2003, and on 1 June 2004, Air Baltic launched services from the Lithuanian capital, Vilnius, initially to five destinations. In October 2004, Air Baltic was rebranded as AirBaltic. Their present livery consists of an all-white fuselage and lime tailfin. AirBaltic.com is displayed on the forward upper fuselage, and the word "Baltic" is repeated in blue on the lower part of the tailfin. In December 2006, the first Boeing 737–300 joined the fleet and was configured with winglets. In July 2007, AirBaltic introduced an online check-in system. It was the first online check-in system in the Baltic states. In the spring of 2008, two long-haul Boeing 757s joined the existing AirBaltic fleet. On 10 March 2008, it was announced that in the next three years the airline would acquire new aircraft, experiencing the largest fleet expansion in the company's history. The new additions will be next generation De Havilland Dash 8-400 aircraft.
AirBaltic had strong links with SAS, which owned 47.2% of the airline, and operated frequent flights to SAS hubs in Copenhagen, Oslo and Stockholm. Some of AirBaltic's products and services are still shared with SAS, including co-ordinated timetabling and shared airport lounges. AirBaltic is not a member of any airline alliance but does have codeshare agreements in place with several Star Alliance member airlines and others.
AirBaltic had secondary hubs at Vilnius Airport and Tallinn Airport. The majority of the routes commenced from Tallinn were cancelled shortly after opening, leading to complaints from the Estonian Consumer Protection Department.
In January 2009, SAS sold its entire stake in the company (47.2% of the airline) to Baltijas aviācijas sistēmas Ltd (BAS) for 14 million lats. BAS was wholly owned by Bertolt Flick (President and CEO) until December 2010, when 50% of BAS shares were transferred to Taurus Asset Management Fund Limited, registered in the Bahamas.
Development since 2010
In August 2011, AirBaltic requested more than 60 million lats in capital as its losses continued to mount, and suffered speculation about its financial position and political scandals throughout 2011. In mid-September 2011, the company announced plans to lay off around half its employees and cancel around 700 flights a month to avoid possible grounding. The company also announced that a mystery investor was willing to pay 9.6 million euros for an additional 59,110 shares. On 4 October 2011, the plans were annulled in order to make the necessary investments in the airline's capital. The government of Latvia and BAS agreed to invest around 100 million lats in the airline's share capital in proportion to their stakes in AirBaltic. In connection with the agreement, Flick stepped down as long-term President and CEO of the airline. Martin Gauss, former CEO of Hungarian airline Malév, became the new CEO.
AirBaltic had made an announcement on 23 September 2010 that it would establish a new secondary hub at Oulu Airport, but in early 2012 it was confirmed that the Oulu hub plans had been cancelled due to AirBaltic's financial problems.
The cost-cutting program, initiated by AirBaltic which aims to return to profitability in 2014, scored better than planned results in 2012, by narrowing its losses to €27.2 million, from €121.5 in 2011.
The state's shareholding had been 99.8% since 30 November 2011, following the collapse of a bank linked with a finance package negotiated for the airline, but on 6 November 2015 it was reported that the Latvian Cabinet of Ministers had approved plans to sell 20% of airBaltic to German investor Ralf Dieter Montag-Girmes for €52 million and agreed to invest a further €80 million in the airline. The total of €132 million of fresh capital for the carrier is intended to spur its Horizon 2021 business plan and fleet modernisation. Following the closure of Air Lituanica and Estonian Air respectively in June and November 2015, it is alongside Nordica, one of two flag carriers in the Baltic countries.
The Bombardier CS300 delivery was much anticipated by airBaltic since this new aircraft type was originally planned to replace most of the airline's Boeing 737-300s and Boeing 737-500s and now will replace all by 2020. The delivery of the CS300 happened on November 29, 2016, at 2 am ET. On November 28, Bombardier and airBaltic held a ceremony in Mirabel, Quebec, Canada for the first delivery of the CS300. At 1:30 am, shortly before the scheduled departure, an oil leak from an engine was spotted. It delayed the departure, but at 2:23 am ET, the aircraft was now airBaltic's property. On board the inaugural flight, there were 18 people, including 6 pilots: 3 from Bombardier, and 3 from airBaltic. At 4:13 am ET, after a delay of over 2 hours, flight BT9801 took off en route to Stockholm. The airline received two CS300 in 2016 and expects to receive six in 2017, eight in 2018 and four more in 2020.
According to Reuters, AirBaltic is looking for opportunities to replace its Q400 turboprop fleet. Currently offers from Bombardier and Embraer are being viewed as possible future suppliers of new aircraft with possible deliveries of 14 aircraft, beginning from 2020.
On September 26, 2017, AirBaltic announced it would buy at least 14 additional C Series aircraft from Bombardier before the end of 2018. The airline plans to switch to an all-C Series fleet by the early 2020s. Additional orders by Air Baltic were announced by Bombardier on May 28, 2018. The order included 30 CS300 with options and purchase rights for a further 30 CS300. Airbus purchased a 50.01% majority stake in the CSeries program in October 2017, with the deal closing in July 2018. The family is subsequently also called the Airbus A220.
|State of the Republic of Latvia (represented by the Ministry of Transport)||80%|
|Aircraft Leasing 1 SIA (wholly owned by private investor Lars Thuesen)||20%|
The airline's full accounts have not always been published regularly; figures disclosed by Air Baltic via various publications are shown below (for years ending 31 December):
|Net profit after tax (€m)||-||-||20||−52||−121||−27||1||9||19.5||1.2||4.6||5.4|
|Number of employees (at year end)||919||-||-||1,443||-||1,100||-||-||902||1,201||1,410||1,581|
|Number of passengers (m)||2.0||2.6||2.8||3.2||3.3||3.1||2.9||2.6||2.6||2.9||3.5||4.1|
|Passenger load factor (%)||63||62||68||69||75||72||-||70||71||74||76||75|
|Number of aircraft (at year end)||21||28||31||35||34||28||25||24||24||25||30||34|
airBaltic operates direct year-round and seasonal flights from Riga, Tallinn and Vilnius, mostly to metropolitan and leisure destinations within Europe. Long-haul flights are not operated.
- Aegean Airlines
- Air France
- Air Malta
- Air Serbia
- Austrian Airlines
- Azerbaijan Airlines
- British Airways
- Brussels Airlines
- Czech Airlines
- Etihad Airways
- Georgian Airways
- LOT Polish Airlines
- Scandinavian Airlines
- TAP Air Portugal
- Ukraine International Airlines
- Uzbekistan Airways
|Airbus A220-300||21||29||145||Launch customer for the A220-300.|
Three painted in a series of national flag liveries - one each for Latvia, Estonia and Lithuania.
|To be phased out by 2020. |
To be replaced by Airbus A220-300s.
|Bombardier Dash 8 Q400 NextGen||12||—||76||To be phased out by 2022 and replaced by Airbus A220-300s.|
|Airbus A319-100||2013||2014||None||Leased and operated by Czech Airlines for 3 months|
|Avro RJ70||1996||2005||Boeing 737-500|
|British Aerospace 146-200||1995||1996||None||Leased for 3 months|
|Boeing 737-300||2006||2020||Airbus A220-300|
|Boeing 737-500||2003||2019||Airbus A220-300|
|Fokker 50||1998||2013||Bombardier Q400|
|Saab 340||1995||1999||Fokker 50|
The original livery was painted on Avro RJ70s and had a white fuselage. The original airBaltic colour scheme, blue and white, was painted on the engines and the vertical stabiliser. The second-generation livery also had a lime green wingtip and vertical stabiliser; however the logo was changed to airBaltic.com and the word airBaltic was painted on the engines, which were in their original metallic colour.
The current livery consists of a white fuselage and lime green vertical stabiliser, wingtips and engines. The logo, stylised 'airBaltic', is painted in dark blue on the fuselage across the windows and on the underside of the aircraft. This livery is mainly used on A220s.
AirBaltic formerly used the SAS EuroBonus frequent flyer programme, but it now has its own frequent flyer programme called airBaltic Club, where travellers can earn 'pins' and collect stamps while travelling and receive various rewards. There are three levels: Club level, Executive level and VIP level, each with different reward structures.
- Flottau, Jens (6 February 2018). "SINGAPORE: AirBaltic CEO: PW1500G spare engine supply for CS300 improved". Air Transport World. Archived from the original on 6 February 2018.
- "XE: Convert EUR/USD. Euro Member Countries to United States Dollar". xe.com. Retrieved 13 August 2018.
- "Latvia." AirBaltic. Retrieved on 30 June 2018. "Air Baltic Corporation AS Registration number: 40003245752 ADMINISTRATION RIGA INTERNATIONAL AIRPORT Tehnikas 3, Marupe county LV-1053, Latvia" - Office location
- "Company history". Airbaltic.com. Retrieved 20 April 2013.
- "Company history." AirBaltic. Retrieved on 22 November 2011.
- "airBaltic introduces Internet check-in for flights". Airbaltic.com. 31 July 2007. Archived from the original on 3 July 2012. Retrieved 20 April 2013.
- "Opening of Tallinn Base".
- "Estonians warned to be careful with airBaltic". Baltic News Network. 15 October 2010. Retrieved 20 April 2013.
- "Changes in airBaltic shareholders structure". Baltic News Network. 16 December 2010. Retrieved 20 April 2013.
- "AirBaltic in need of massive investment as losses mount". The Baltic Times. 19 August 2011. Retrieved 20 April 2013.
- Toomas Hõbemägi (27 June 2011). "Antonov: airBaltic will continue its business". Balticbusinessnews.com. Retrieved 20 April 2013.
- Toomas Hõbemägi (14 September 2011). "Tallinn Airport: airBaltic owes us money". Balticbusinessnews.com. Retrieved 20 April 2013.
- Toomas Hõbemägi (28 June 2011). "Bookinghouse stops selling tickets to airBaltic flights". Balticbusinessnews.com. Retrieved 20 April 2013.
- "airBaltic starts cancelling flights". The Baltic Times. 13 September 2011. Retrieved 20 April 2013.
- "Former Latvian president unleashed on the head of airBaltic corruption fighters". Bakutoday.net. Archived from the original on 25 March 2012. Retrieved 20 April 2013.
- "Suspected illegal activity haunts airBaltic". The Baltic Times. 14 September 2011. Retrieved 20 April 2013.
- Toomas Hõbemägi (16 September 2011). "airBaltic starts massive layoffs". Balticbusinessnews.com. Retrieved 20 April 2013.
- "Update: AirBaltic cancels flights through December". Intelliguide.com. Archived from the original on 2 April 2012. Retrieved 20 April 2013.
- Toomas Hõbemägi (13 September 2011). "Breaking news: airBaltic sells shares, cancels flights". Balticbusinessnews.com. Retrieved 20 April 2013.
- Alla Petrova (17 October 2012). "Agreement officially signed on bail out of airBaltic". The Baltic Course. Retrieved 20 April 2013.
- Latvian government approves airBaltic deal Archived April 3, 2015, at the Wayback Machine
- Toomas Hõbemägi (24 October 2011). "Martin Gauss confirmed as new CEO of airBaltic". Balticbusinessnews.com. Retrieved 20 April 2013.
- "Air Baltic Setting up Oulu Hub". YLE News. Helsinki: Yleisradio Oy. 23 September 2010. Archived from the original on 26 September 2010. Retrieved 23 September 2010.
- "airBaltic to Open a New Hub in Oulu, Finland". Riga: A/S Air Baltic Corporation. 23 September 2010. Archived from the original on 24 September 2010. Retrieved 23 September 2010.
- "Air Balticin solmusuunnitelma kuivui kasaan" (in Finnish). YLE uutiset. 23 March 2012. Retrieved 5 February 2012.
- "airBaltic ahead of schedule to reach profitability in 2014". Centre for Aviation.
- "AirBaltic 2012 Loss Beats Plan on Reduced Fleet Size, Christmas". Bloomberg.
- "airBaltic's future uncertain after Krajbanka's collapse".
- "Latvian government takes over airBaltic".
- "German investor for airBaltic". The Baltic Course.
- "New investor completes airBaltic buy-in".
- "Latvia's airBaltic will gradually renew fleet with Bombardier CS300 aircraft (Dec 2, 2016)". The Baltic Course. Retrieved 3 December 2016.
- "AirBaltic eyes order for at least 14 jets". 5 June 2017 – via Reuters.
- "Bombardier Nears $1.25 Billion C Series Deal With Air Baltic". 27 September 2017 – via www.bloomberg.com.
- "Media - Bombardier Commercial Aircraft". news.commercialaircraft.bombardier.com. Retrieved 13 August 2018.
- "Commission official: airBaltic likely to find investor soon". Public Broadcasting of Latvia. LETA. 30 May 2018. Retrieved 30 May 2018.
- "New investor completes airBaltic buy-in". Retrieved 24 May 2016.
- "airBaltic served a record number of passengers in 2018 after another double-digit improvement". Russian Aviation Insider. 22 January 2019. Retrieved 15 October 2019.
- "airBaltic Announces 2007 Financial Results". airBaltic. Archived from the original on 8 December 2008. Retrieved 31 May 2013.
- "airBaltic in 2008 carried 29% more passengers than the year before (archived)". airBaltic. Archived from the original on 13 May 2011. Retrieved 20 August 2013.
- "airBaltic and SMS" (PDF). airBaltic. Retrieved 17 December 2015.
- "airBaltic's restructuring plan is in full swing, but competition from Estonian Air is rising". CAPA Centre for Aviation. Retrieved 31 May 2013.
- "airBaltic carries over 3 million passengers in 2010". airBaltic. Archived from the original on 13 May 2011. Retrieved 31 May 2013.
- "airBaltic Beats Expectations for 2012, Improves Result by LVL +66 Million". airBaltic. Archived from the original on 1 June 2013. Retrieved 31 May 2013.
- "Latvia steps in to save national carrier AirBaltic". Reuters. Retrieved 31 May 2013.
- "Restructuring rigour from Riga: airBaltic narrows 2012 net loss". CAPA Centre for Aviation. Retrieved 17 December 2015.
- "airBaltic Serves 3.08 Million Passengers in 2012". airBaltic. Archived from the original on 1 June 2013. Retrieved 31 May 2013.
- airBaltic. "airBaltic Profits and Annual Report Approved".
- "airBaltic concludes the year 2014 with EUR 9 mln profit". The Baltic Course. Retrieved 7 April 2015.
- "airBaltic serves 2.63 million Passengers in 2014". AirBaltic. Retrieved 17 December 2015.
- "Company Overview of Air Baltic Corporation AS". Bloomberg. Archived from the original on 7 March 2016. Retrieved 11 November 2015.CS1 maint: BOT: original-url status unknown (link)
- "airBaltic posts €19m profit in 2015". LSM.lv. eng.lsm.lv. 12 May 2016. Retrieved 28 May 2016.
- "airBaltic Reports Best Ever Operational Results in 2017". AirBaltic. Retrieved 15 October 2019.
- "airBaltic reports profit of 5.4 million in 2018". AirBaltic. Retrieved 15 October 2019.
- "Profile on airBaltic". CAPA. Centre for Aviation. Archived from the original on 31 October 2016. Retrieved 31 October 2016.
- Liu, Jim (20 April 2018). "airmalta / airBaltic begins codeshare service in S18". Routesonline. Retrieved 20 April 2018.
- Liu, Jim (24 April 2019). "airBaltic / airmalta expands codeshare network from April 2019". Routesonline. Retrieved 24 April 2019.
- Liu, Jim (24 April 2019). "airBaltic / Air Serbia expands codeshare network in S19". Routesonline. Retrieved 24 April 2019.
- Liu, Jim (22 November 2017). "Etihad / airBaltic expands codeshare partnership in W17". Routesonline. Retrieved 22 November 2017.
- Liu, Jim (24 May 2019). "airBaltic resumes SAS codeshare partnership from June 2019". Routesonline. Retrieved 24 May 2019.
- Liu, Jim (14 June 2018). "airBaltic / TAP Air Portugal begins codeshare service from June 2018". Routesonline. Retrieved 14 June 2018.
- Liu, Jim (23 November 2017). "airBaltic / TAROM expands codeshare routes in W17". Routesonline. Retrieved 23 November 2017.
- "Fleet - About Us - airBaltic". www.airbaltic.com.
- "airBaltic Receives Final Airbus A220 From Original Order Of 20". simpleflying.com. 21 September 2019.
- "Air Baltic A220 wears Lithuanian colors". aerotelegraph.com. 8 August 2019.
- "airBaltic extends 737-300 schedule into March 2020". routesonline.com. 1 October 2019.
- airBaltic (20 February 2019). "airBaltic to phase out its Boeing 737 fleet in 2019". www.airbaltic.com.
- Victoria Moores (6 September 2017). "AirBaltic to replace Bombardier Q400s with jets". ATW Plus.
- "AirBaltic fleet list at planespotters.net". Retrieved 29 March 2015.
- "Air Baltic Accelerates Fleet Renewal Plans".
- "airBaltic opts to acquire CSeries aircraft as part of turnaround effort".
- airBaltic. "airBalticloyalty club". www.airbaltic.com. Retrieved 15 October 2019.
- "airCafe." AirBaltic. Accessed 30 October 2008.
Media related to AirBaltic at Wikimedia Commons