airBaltic Congratulates Estonia on Introducing Euro

30.12.2010 06:04 | Latvia

Author: Janis Vanags
Source: A/S Air Baltic Corporation

Latvian national airline airBaltic congratulates Estonia on introducing the single European currency.

Janis Vanags, Vice President of airBaltic: “We cordially congratulate Estonia on introducing euro in 2011. airBaltic introduced euro in its lower-fare ticket sales in 2009.”

Introducing euro in 2009 was crucial for airBaltic, as the airline had expanded its business and increasingly served transit passengers to/from Europe, Middle East, Russia/CIS. The single currency helped the airline to promote its lower ticket prices compared to competitors. During 2009 and 2010 the share of transit passengers of airBaltic has grown to almost 70%.

airBaltic serves 80 destinations from its home base at Riga, Latvia. From every one of these, airBaltic offers convenient connections via North Hub Riga to its network spanning Europe, Scandinavia, Russia, CIS and the Middle East.

A video quotation of Janis Vanags is available for TV stations for download: www.failiem.lv/down.php?i=kzuiex&n=video3_original.mov

airBalticin brief:

AIR BALTIC CORPORATION (airBaltic) is a joint stock company that was established in 1995. The primary shareholders are the Latvian state, with 52.6% of stock, and SIA Baltijas aviācijas sistēmas, with 47.2% of stock. The airBaltic fleet consists of 33 aircraft – six Boeing 737-500, eight Boeing 737-300, two Boeing 757-200, ten Fokker 50 airplanes and seven Bombardier Q400Next Gen. airBaltic offers nonstop flights from three Baltic capital cities – Riga, Vilnius, and Tallinn. airBaltic received the title of Airline of the Year 2009/2010 (Gold Award) from the European Regions Airline Association. airBaltic is the winner of Air Transport World Phoenix Award 2010 – a global recognition of excellence in restructuring business. In summer 2010, airBaltic was chosen for anna.aero ANNIES Award as Europe's largest flag carrier by new routes. airBaltic won a special Pacesetter Award 2010 from the Jury of the Budgies World Low Cost Airline Awards, recognising achievements of airBaltic as a hybrid airline.