(Finance) – The Latvian airline AIRBALTIC is evaluating to listen to on the stock exchange in London already in the second quarteraccording to what Bloomberg writes by quoting sources close to the issue. An initial public offer (IPO) could collect up to 300 million euros, said the company in September, confirming that she simplifying its structure with a view to a landing on the stock exchange, after the go -ahead of the Latvian government.
At the beginning of this year, Deutsche Lufthansa agreed to acquire aconvertible action which represents a 10% participation in Air Baltic for 14 million euros. The agreement should end in the second quarter. Lufthansa will be able to exchange his convertible actions in ordinary actions at the time of an IPO.
“We remain engaged in sustainable growth, optimizing our fleet and enhancing the network for strengthen the location of Airballic for the future, including a potential hypothesis, “he said today Martin Gauss, CEO of Airbbtic, on the occasion of the presentation of the 2024 results.
The company has reached its higher annual turnover of all timealmost 748 million euros, with an increase of 12% year on year compared to 2023. However, Airbaltic has a clear loss recorded of 118 million euros, mainly due to external factors, including the accelerated depreciation of the Pratt & Whitney engines, which amounted to 73 million euros, and non -monetary adjustments related to the currency, including the depreciation of the euro compared to the US dollar in 2024 and the service of the broadcar program expanded of the group from May 2024.
Airbaltic is the leading airline in Baltic countries e One of the fastest growing airlines in Europe. As a hybrid airline, it uses the advantages of both the traditional network and low cost airlines. Through a network of almost 130 row routes, Tallinn, Vilnius, Tampere and, seasonally, Gran Canaria, Airbbtic connects the Baltic countries with over 70 destinations in Europe, the Middle East, North Africa and Caucasus.
Founded in 1995, today Airbaltic manages one of the youngest fleets in Europe, consisting of 50 Airbus A220-300 Airbus aircraft, and takes over 2,800 people. In February 2025, Airbaltic became the first European airline to offer Internet Spacex Starlink at free high speed on its flights.