After the call of the Latvian economy minister to replace the management of the Latvian airline Air Baltic after the cancellation of several thousand flights, the company’s CEO Martin Gauss said that the decisions of politicians often harm the airline.
On Monday, Gauss said on Latvian television’s morning show that he has seen many politicians and has worked to make them understand what Air Baltic is doing, but if now the Minister of Economy says that Gauss should be fired, then this is politics.
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The Minister of Economy and Transport of Latvia demands that Air Baltic justify the decision to cancel a large number of flight routes, according to aviation experts, the national airline wants to reduce the number of unprofitable flights before the public offering of shares.
Updated with important information about Estonian routes
The Latvian airline Air Baltic is canceling 19 routes this year and reducing the frequency of flights on 21 routes, citing the incompetence of the engine maintainer.
On Thursday, the airline airBaltic announced that it had priced an additional 40 million euro bond issue. The bonds are listed on the Dublin Stock Exchange.
Estonian Air/Nordica should have taken over the business model of Latvian airBaltic and become the dominant low-cost airline in the region, believes Joakim Helenius, the former chairman of the board of Estonian Air.
The unemployment fund is usually thought of when talking about unemployment, layoffs, tax increases or training. However, the level of the labor market institution and the comparison with others, above all, of course, with neighbors, are less often discussed.
Source: www.aripaev.ee
