Latvian Prime Minister: airBaltic Will Not Be Able to Continue Operations without Additional Funding
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4 Articles
Latvian Prime Minister: airBaltic Will Not Be Able to Continue Operations without Additional Funding
According to Latvian Prime Minister Andris Kulbergs, Latvia's national airline airBaltic cannot continue its operations without additional financial support.
Taking into account the challenges in the aviation industry and the company's financial results, on November 20, 2025, the Ministry of Finance clarified airBaltic's strategic goals in the shareholder's letter of expectations, stipulating that the company's operations must be based on sustainable commercial principles, profitable core operations, sufficient capital provision, and the ability to develop in the long term without regular state finan…
In an interview with the LETA news agency, the Prime Minister said that the government first wants to receive the company's business plan and only after evaluating it will make a decision on further actions. According to A. Kulbergas, the airline's development plans have not been sufficiently evaluated so far, and the company must prove that it can become financially sustainable
Latvia's national airline Air Baltic cannot operate without additional financial support, Andris Kulbergas, the country's Prime Minister, said in an interview with LETA.
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