The Latvian Minister of Transportation has stated the importance of securing private capital for the national airline, airBaltic, highlighting the ongoing challenges with financial resources and the company's transition to a potential stock exchange listing. The remarks come in the context of the airline's increasing turnover and a rise in passenger numbers, which underscore its significant contribution to the national economy despite recent leadership changes and strategic readjustments.

Last year, airBaltic underwent various optimizations and cost reductions, and while it managed to achieve profitability in the first three quarters, the winter months resulted in financial losses. The minister acknowledged the substantial effort put into the company, emphasizing that capital attraction is critical, and reiterated that an Initial Public Offering (IPO) is not the only means to secure necessary funding.

The minister has expanded the mandate of the airline's management to explore different financial instruments in pursuit of capital, demonstrating an active approach to addressing the airline's financial challenges. His comments reflect an understanding of the evolving aviation market and signify a strategic shift that may shape airBaltic's future trajectory in both the national and regional context.