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The Latvian carrier airBaltic has worked out and approved a new business plan Destination 2025 CLEAN aimed at defining and adjusting operations of the airline to the coronavirus crisis impacts.
The updated five-year strategy involves several key aspects. One of them is fleet reduction. After travel restrictions are lifted airBaltic expects to commence operations with 22 Airbus A220-300 aircraft.
It means that airBaltic will not unground its Bombardier Q400 NextGen and Boeing 737-300 planes.
“The new plan takes into account the reduced capacity for the years 2020 and 2021, while at the same time foresees return to growth with up to 50 Airbus A220-300 aircraft by the end of 2023″, the airline said in a statement.
airBaltic aims to become a one-aircraft-type airline flying only Airbus A220 aircraft.
Although now the situation is difficult and, according to Martin Gauss, CEO of airBaltic, requiring “serious and clear decisions for a positive business development”, by 2025 the carrier estimates to see significant growth in passenger numbers and revenue.