Ryanair Dangles $1.6 Billion Baltic Investment as Rival Stumbles
4 Articles
4 Articles
RYANAIR announces an investment of 1.39 billion euros in the Baltics and a doubling of traffic by 2031, under the condition of lower airport fees.
airBaltic Enters Chapter 11 as Ryanair Pitches a $1.6 Billion Baltic Expansion
airBaltic is using Chapter 11 to keep flying while it cuts its all-Airbus A220 fleet to 36 aircraft from 54 by the end of 2026. Ryanair is moving in the opposite direction: it has offered Baltic governments a conditional $1.6 billion plan that would raise its locally based fleet to 16 aircraft from seven and…
Illustration - AFP Ryanair is ready to invest massively in Estonia, Latvia and Lithuania, but requires the authorities to reduce taxes and charges for airlines, said the low-cost airline on Thursday. This announcement comes as the local airBaltic operator asked for protection against its creditors. This Latvian company has indeed launched a bankruptcy procedure in the United States, but continues to operate its flights. The company hopes to clea…
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