US EditionairBaltic CEO 'dismissed' from Latvian airline
- On April 7, 2025, airBaltic's Supervisory Board decided to change the Management Board, after a Shareholders' Meeting.
- The Ministry of Transport initiated a vote of no confidence because it wanted to see results.
- Martin Gauss, CEO for over a decade, stepped down, and the ministry emphasized strengthening competitiveness for a potential IPO.
- Chairman Martinovs stated, "core objectives remain unchanged, and airBaltic continues its strategy toward a potential IPO."
- Pauls Cālītis, the current COO and Management Board Member, will take over as Interim CEO, ensuring operational stability.
37 Articles
37 Articles
Latvia Seeks Air Baltic Investment From Neighbors After CEO Exit
Latvia has reached out to neighboring countries about investing in Air Baltic Corp AS, its premier said, after the state-owned airline dismissed its chief executive officer ahead of plans for an initial public offering.
Latvian gov't sacks airBaltic CEO over financials
The state-controlled supervisory board of airBaltic (BT, Riga) has dismissed the longstanding chief executive of the airline, Martin Gauss, citing the company's poor financial performance. The decision was taken at a regular shareholders’ meeting on April 7, 2025. "We maintain full confidence in the management board and the professional team, which ensures the company’s day-to-day operations, passenger services, and overall management. Our core …
Coverage Details
Bias Distribution
- 44% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
