Home » today » World » Gauss explains why airBaltic branch will be established in Lithuania – Transport and logistics – Financenet

Gauss explains why airBaltic branch will be established in Lithuania – Transport and logistics – Financenet

“This is a technical decision, because we also want to fly to so-called third countries outside the European Union (EU). We are basically thinking of flights to Kiev. That is why we need a company in Lithuania. There is no other reason for this decision,” said Gauss. , adding that the flights still have to be licensed.

airBaltic’s Lithuanian branch was registered in early November and explained to airline BNS that airBatic wants to operate flights to eight destinations from Lithuania – Amsterdam, Berlin, Kiev, London, Munich, Oslo and Paris, as well as Riga this winter season.

Information on the destination of the Lithuanian airport operator Lietuvos oroostasai shows that flights from Lithuania to non-EU and non-European Economic Area (EEA) countries can currently be flown to Belarus, Ukraine and Turkey, but flights to Israel are planned from January.

The Latvian Center for Disease Prevention and Control, on the other hand, reviews the list of EU and EEA countries to which regular passenger services from Latvia are allowed on a weekly basis, but flights to countries on the European continent that are not part of this block are not allowed.

It has already been reported that the airBaltic Group’s turnover in the first half of this year decreased by 63.6% to 78.713 million euros due to the Covid-19 pandemic, while the group’s losses increased almost seven times and amounted to 184.77 million euros. AirBaltic’s audited turnover last year was 503.281 million euros, which is 23.1% more than in 2018, but the company suffered a loss of 7.729 million euros compared to the profit a year earlier.

The Latvian state owns 96.14% of the voting rights in the capital of airBaltic, but the financial investor, Danish businessman Lars Tussen, owns Aircraft Leasing 1 – 3.86%.

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