- Airbaltic signs longer-term ACMI agreement with Lufthansa Group for up to 6 A220-300s in summer and 4 in winter.
- Airbaltic plans fleet reduction from 54 aircraft to 36 by 2027.
- Airbaltic seeks court permission to terminate 6 A220-300 operating leases from Azorra from 17 November 2026.
- Airbaltic filed for Chapter 11 restructuring in the United States on 14 September 2026.
- Latvia owns 88.37pc of Airbaltic, and Lufthansa holds a 10pc stake.
Airbaltic has signed a longer-term wet-lease agreement with Lufthansa Group for up to 6 A220-300s in summer and 4 in winter. The ACMI arrangement extends an existing partnership and supports a revised business plan. The plan reduces the fleet from 54 aircraft to 36 by 2027 and concentrates on more profitable routes.
Airbaltic will continue wet-lease cooperation with Air Serbia with 4 aircraft in summer and 2 in winter. The airline has asked the New York bankruptcy court for permission to terminate operating leases of 6 A220-300s from Azorra from 17 November 2026. Airbaltic filed for Chapter 11 financial restructuring in the United States on 14 September 2026.
The proceedings sit with the United States Bankruptcy Court for the Southern District of New York and run until around June 2027. Latvia owns 88.37pc of Airbaltic, and Lufthansa holds a 10pc stake. Swiss will stop wet leasing from Airbaltic after the 2026/27 winter timetable.
