Klāvs Vasks, the Chairman of the Supervisory Board of airBaltic , has announced his resignation from the position following a “crazy rollercoaster ride” over the past 18 months. Successful period In a post on his personal LinkedIn, Vasks announced that he will resign on February 11. The Chairman of the board of the Latvian flag carrier said that the past 18 months have been akin to a “crazy rollercoaster ride,” which was filled with success.
This includes airBaltic attracting an unspecified strategic investor, with whom negotiations are expected to end in the coming weeks before Vasks leaves his post and the ongoing process of the airline’s initial public offering (IPO) that would take the company public. “The latter, which has been spent fighting and proving the importance of airBaltic to the Latvian economy, trying to break the political agenda by achieving a change of approach to making important decisions for the development of assets important for the country.” On December 12, 2024, airBaltic shared a document by the International Air Transport Association (IATA) , which outlined that the country’s aviation sector directly employs around 8,600 people and generated an economic output of $452.
3 million, or 1% of the country’s general domestic product (GDP) in 2023. “When considering the broader impact – including supply chain activities, employee spending, and aviation-facilitated tourism – the total contribution rises to $1.9 billion, supporting .
