(Reuters) – Latvian airline Airbaltic said on Monday it had placed an order for another 30 Airbus A220-300 passenger jets, along with options for another 20.
Chief Executive Martin Gauss said the airline had experienced a “difficult summer” due to some groundings caused by shortages of Pratt & Whitney engines, but that the situation had stabilized with no unscheduled groundings for now.
The move comes as the airline prepares for an initial public offering (IPO) in late 2024, for which the tentative business plan envisages up to 100 aircraft by 2030.
