airBaltic CEO 'dismissed' from Latvian airline

AirBaltic was 1 of the archetypal customers of the Airbus A220 and its fleet is made up exclusively of the single-aisle jet. Photo: Gints Ivuskans / AFP/File
Source: AFP

Latvian Transport Minister Atis Svinka said connected Monday that Riga-based bearer airBaltic had parted ways with its German-born longtime CEO Martin Gauss.

"I pass you that Martin Gauss has been dismissed from his position. It is important for maine to spot results," Svinka said connected societal web X.

The Latvian authorities has a bulk involvement successful the carrier, which past period said it had posted a nett nonaccomplishment of 118 cardinal euros ($129 million) past year.

"AirBaltic is simply a institution of nationalist importance, and it indispensable beryllium capable to independently make and accommodate to outer conditions," Svinka added.

AirBaltic announced successful January that further motor attraction demands would unit the cancellation of much than 4,600 flights this year.

The hose flies exclusively Airbus A220-300, which are equipped with modern substance businesslike Pratt & Whitney engines that person been recovered to beryllium susceptible to microscopic cracks and necessitate replacement up of schedule.

Parts shortages mean respective craft person to beryllium taken retired of work during the highest summertime question season.

The transport ministry said successful a connection that the determination regarding Gauss was taken by the supervisory committee aft Monday's shareholder meeting.

The ministry said it "expressed its nonaccomplishment of assurance in" Gauss astatine the meeting, "calling for a ballot to oust him from the job".

Gauss had been with the hose for much than a decade.

"Today, my travel arsenic CEO of @airBaltic comes to an end," helium wrote connected X.

"The Latvian government, arsenic bulk shareholder, has withdrawn its spot — and the Supervisory Board has acted accordingly," helium said.

The hose said successful a connection connected X that absorption committee subordinate and main operating serviceman Pauls Calitis would instrumentality implicit arsenic interim CEO.

The president of the supervisory board, Andrejs Martinovs, said "core objectives stay unchanged, and airBaltic continues to instrumentality its strategy and determination guardant toward a imaginable IPO".

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Source: AFP