The Lufthansa Group has extended their wet-lease partnership with airBaltic for a further three years from summer 2025. The Group will lease up to 21 aircraft for summer and five for winter.
On Friday (September 13, 2024), Lufthansa Group announced that they will extend their wet-lease partnership with airBaltic for a further three years from summer 2025. Under the agreement, the Group will be enabled to flexibly deploy up to 21 additional fuel-efficient Airbus A220-300s for summer, and five during winter at various hubs. Based on changing customer needs, the Lufthansa Group airlines are optimizing their route networks to match peak seasonal demand, particularly in the summer timetable. This will also strengthen the quality of connections to Lufthansa Group Airlines’ intercontinental services. As is customary with a wet-lease agreement, the aircraft and crews will be provided by airBaltic. The Lufthansa Group has partnered with the Latvian carrier since 2019.
Established in 1995, Air Baltic Corporation SA (airBaltic) is a joint stock company with most of the equity (97.97%) held by the Latvian state and the remaining 2.03% held by other shareholders. One of the most punctual carriers in the world, the airline connects the Baltic region with over 130 routes from Riga, Tallinn, Vilnius, Tampere, and seasonally from Gran Canaria to more than 70 destinations in Europe, the Middle East, North Africa and the Caucasus region. The carrier operates a single fleet type of 48 Airbus A220-300s, and plans on expanding their A220-300 fleet to 100 aircraft by 2030. The airline Group also includes Air Baltic Training SIA, Loyalty Services SIA, Baltijas Kravu Centrs SIA and Crew Resources AS. airBaltic currently employs over 2,500 team members.
Source(s): Lufthansa, airBaltic
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