Sunday, 26 April 2020

airBaltic unveils new business plan as deputy chairman leaves

airBaltic, the Latvian airline majority-owned the state has approved the new business plan for the company called Destination 2025 CLEAN, which is an amendment to the airline's previous Destination 2025 business plan in a post-COVID-19 world. 

Business plan Destination 2025 was originally presented in May 2018 and relies on the expansion of routes from all three Baltic countries – Latvia, Estonia and Lithuania, covering the main European hubs. 

The new plan foresees a reduced fleet for the upcoming years, initially resuming operations with 22 Airbus A220-300 aircraft. The airline had already announced the retirement of its Boeing 737 and Dash-8 400 fleets. The new plan takes into account the reduced capacity for the years 2020 and 2021, while at the same time foresees a return to growth with up to 50 Airbus A220-300 aircraft by the end of 2023. It also relies on a massive expansion of operations from all three of the Baltic states,

Martin Gauss, CEO of airBaltic: “The new environment of the aviation industry requires serious and clear decisions for a positive business development. With the business plan Destination 2025 CLEAN we will be able to provide a very strong connectivity for the Baltic states.”

Deputy Chairman and member of the Supervisory Board of airBaltic Kaspars Briškens will be leaving his position with immediate effect, the airline has confirmed.  Briškens had been instrumental in developing the original Destination 2025 plan, ordering new Airbus A220-300 aircraft and developing the airline's growth in the last eight years. 

Niks Bulmanis, Chairman of the Supervisory Board of airBaltic: “Among many other good qualities, I most value his analytic and strategic capacity and urge to accept constructive challenges, coupled with a passion for and deep understanding of aviation. On behalf of airBaltic, we are very thankful for his contribution and we wish Kaspars all the best in his future career.”

Kaspars Briškens: “Since 2012, I have been privileged to be part of the world-class team behind the transformation of airBaltic into a true cornerstone of strategic connectivity for Latvia and Baltics, a successful launch customer of our generation's most innovative narrow-body aircraft and the world's most punctual airline. I wish airBaltic resilience in the face of extraordinary challenges the aviation industry is currently facing and continued success going forward.”

airBaltic to operate a fleet of 50 Airbus A220 aircraft                                                          Photo airBaltic

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