Latvian carrier airBaltic has approved a new business plan called Destination 2025 CLEAN, which is intended to allow the airline to operate in a post-COVID-19 environment.
The updated five-year strategy includes several key points. One of them is fleet reduction. After global flight restrictions are lifted, airBaltic plans to operate just 22 Airbus A220-300 aircraft. This means that the airline will leave its Q400s and 737-300s on the ground.
“The new plan takes into account the reduced capacity for the years 2020 and 2021, while at the same time foresees a return to growth with up to 50 Airbus A220-300 aircraft by the end of 2023,” the airline said in a statement.
The airline aims to become a one-aircraft-type airline flying only Airbus A220 aircraft.
According to Martin Gauss, CEO of airBaltic, the situation is difficult, requiring “serious and clear decisions for positive business development”. Looking forward to 2025, the carrier estimates to see increases in passenger growth and revenue.
