Loading

airBaltic unveils restructure plan as it seeks to return to the black by 2014

Analysis

With its latest business plan, airBaltic has joined a number of other European carriers seeking to turn around its operations. As with Air France, Austrian Airlines and Air Malta, airBaltic is attempting to return to profitability in the face of rising competition and fuel prices. The carrier's restructuring plan is aimed at strengthening its operations with a modernised and simplified fleet, while reducing expenses and its workforce.

airBaltic's plan, titled "ReShape", was unveiled earlier this month but had been expected following developments in late 2011 - when the Latvian Government stepped in to acquire Baltic Aviation Services' (BAS) 47.2% stake in the carrier. This brought the Government's total ownership of airBaltic to 99.8%.

Read More

This CAPA Analysis Report is 920 words.

You must log in to read the rest of this article.

Got an account? Log In

Create a CAPA Account

Get a taste of our expert analysis and research publications by signing up to CAPA Content Lite for free, or unlock full access with CAPA Membership.

InclusionsContent Lite UserCAPA Member
News
Non-Premium Analysis
Premium Analysis
Data Centre
Selected Research Publications

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More