finance
Air Baltic secures interim funding to downsize A220 fleet
Photo: Anna Zvereva from Tallinn, Estonia / CC BY-SA 2.0 — via Wikimedia Commons (CC BY-SA 2.0) · source
Latvian airline Air Baltic is arranging up to 257 million euros in interim funding to execute a major structural downsizing. Pending final approval, this liquidity injection will allow the carrier to significantly shrink its Airbus A220-300 operations. The company plans to reduce its active fleet from 54 jets down to 36 by year-end, completely abandoning prior ambitions to eventually operate 100 aircraft. For aspiring airline pilots, this drastic strategic pivot underscores industry volatility and highlights how rapidly projected hiring opportunities can disappear.