Lufthansa Group has signed an agreement to receive a convertible share granting a 10% stake of Latvian flag carrier airBaltic ...

Lufthansa Group has taken a 10% share in airBaltic while extending the existing Airbus A220 wet lease deal between the ...

airBaltic received its 47th A220 and first delivery of 2024 ... announced a new order with Airbus that could take its fleet to 100 A220s. The Latvian flag carrier bolstered its all-A220 fleet ...

The airline's demise came after it was not allowed to serve Buenos Aires' Aeroparque Jorge Newbery Airfield (AEP). The ...

In a strategic move, Lufthansa Group is strengthening its partnership with airBaltic, acquiring a minority stake in the Latvian airline.

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While AirBaltic is not alone in facing issues, it is particularly exposed to the problems with some Pratt & Whitney engines. The carrier operates a single-type fleet, consisting of 49 Airbus A220 ...

"The engine manufacturer's inability to meet timely maintenance obligations has impacted the operational capabilities of airBaltic's Airbus A220-300 fleet," the company said in a statement.

Baltic introduces strategic partnership with startup airline SUA Líneas Aéreas to expand into Latin American market opportunities.

Lufthansa Group has agreed to invest €14 million in AirBaltic for a convertible share representing a 10 per cent stake in the ...