AirBaltic CEO says it could make sense to join larger group eventually [Reuters]

AIR FRANCE-KLM ADS (AFLYY)

NASDAQ:AMEX Investor Relations: airfranceklm.com/en/contacting-investor-relations-department

as part of a larger airline group when it has built up enough scale, its CEO told Reuters. "It could well be when we are large enough that it makes sense to be part of a group," Martin Gauss said. "We have just ordered 30 more (aircraft) and have an intention to go to 100 aircraft, I would say in the years 2030, 2032. When we have or exceed 100 aircraft, we have a size where a larger group will say how 'would that fit in?'" he said. AirBaltic ordered 30 Airbus A220-300 aircraft last year and has 20 purchase rights. It currently operates 50 aircraft, Gauss said. However, he added airBaltic wasn't looking to be bought at the moment and was focused on launching its initial public offering. "We're doing okay; we came very well out of the crisis, ... we want to do an IPO ideally at the end of this year or next year and then fix our equity issues," he said in an interview. State-owned airBaltic posted its highest ever profit of 34 million euros ($37 million) last year, as airlin Show less Read more

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AirBaltic CEO says it could make sense to join larger group eventually [Reuters]

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