Ašeradens: airBaltic's new business plan does not automatically mean new state investments

Transport Minister Rihards Kozlovskis (JV) said in an interview on TV3's '900 sekundes' on Tuesday, July 28, that the Cabinet of Ministers would decide on airBaltic's new business plan that day.

Before the government meeting, the political party 'New Unity' (JV) issued a statement supporting the plan proposed by Kozlovskis, the details of which remain undisclosed. JV stated that the plan aims to achieve the company's long-term financial stability and gradually reduce its dependence on state funding.

The plan is based on four core principles: operational continuity, strengthening Riga as a Baltic aviation hub, ensuring regional connectivity, and financial sustainability. According to JV, the plan was developed in cooperation with international financial and strategic consultants. In early July, airBaltic submitted the plan to the Ministry of Transport and the State Chancellery for evaluation.

Politician Jānis Ašeradens emphasized in a media statement that the new business plan is a crucial prerequisite for the company's financial stabilization, future development, and capital attraction. He stated: 'We are aware of the public concerns and discussions regarding past state investments in airBaltic. Approval of the new business plan does not in itself mean automatic consent to new state investments. It is necessary for stabilizing the company's operations, restructuring its capital, and attracting private funding. Any further decision on investing state funds must be evaluated separately, based on economic and legal considerations, and strictly observing state interests.'