airBaltic börsile

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  • airBaltic on 1995 aastal asutatud Baltikumi suurim lennufirma (reisijate arvult). Hetkel on ettevõtte käsutuses järgmised lennukid:
    2 Boeing 757–200 aircraft
    6 Boeing 737–500 aircraft
    8 Boeing 737–300 aircraft
    8 Q-400 NextGen aircraft
    10 Fokker 50 aircraft
  • ÄP Logistikauudised: airBalticu aktsiad paisatakse börsile 2014. aastal

    Läti rahuvsliku lennufirma airBaltic aktsiad võivad tulla Riia börsile 2014. aastal ütles transpordiministeeriumi sekretär Anrijs Matiss täna intervjuus Läti raadiole.

    Kommenteerides, milline saab olema lennufirma finantsolukord peale aktsiakapitali suurendamist, ütles Matiss, et esiteks pole airBaltic endiselt tasunud oma võlgu mitmetele tarnijatele, lennujaamadele ega ka liisingufirmadele. Teiseks soovitakse hetkel tehtava investeeringuga uuendada ja moderniseerida ettevõtte lennuparki. Novembris lõpetab airBaltic teatavasti Fokkertüüpi õhusõidukite kasutamise ning liisib uued lennukid. Ainuüksi uued lennukid toovad kaasa investeeringu suurusjärgus 14 miljonit eurot (10 miljonit latti).

    Homsel omavahelisel kohtumisel tehakse tõenäoliselt lõplik otsus airBalticu aktsiakapitali suurendamise osas. Samuti tehakse muudatused ka juhatuses ning nõukogus, sest Läti valitsuse teatel on nad leidnud Bertolt Flickile asendaja.
  • Siia sobib Richard Bransoni soovitus, kuidas saada miljonäriks: "Start as a billionaire and then buy an airline".

    Lennufirmad on üldiselt alati olnud kohutav koht, kuhu raha paigutada. Lennunduses on meeletu konkurents ja olematud marginaalid; sa pead tegema tohutuid investeeringuid lennukitesse, mille tõttu su püsikulud on kõrged; lennukite ostuks võetud tihti veel palju laenu. Lisaks sõltud suuresti kütusehindadest. See ei ole hea äri investoritele.
  • Buffet pidas kõne novembris 1999, sooviga selgitada, et Tech firmad olid mullis, teda peeti selle eest muidugi vähe rumalaks, kuni see mull lõhkes. Oma kõnes toetus ta veel kahele tööstusele, mis on muutnud inimkonna ajalugu innovaatilisusega: autotööstus ja lennundus. Ta küll hiljem ostis Berkshirele Timeshare eralennukifirma NetJet, kuid oma seisukohtadest lennunduse kahjust majandusele tervikuna pole ta iial taganenud. Siin on tema sõnad:

    "Move on to failures of airlines. Here's a list of 129 airlines that in the past 20 years filed for bankruptcy. Continental was smart enough to make that list twice. As of 1992, in fact--though the picture would have improved since then--the money that had been made since the dawn of aviation by all of this country's airline companies was zero. Absolutely zero.
    Sizing all this up, I like to think that if I'd been at Kitty Hawk in 1903 when Orville Wright took off, I would have been farsighted enough, and public-spirited enough--I owed this to future capitalists--to shoot him down. I mean, Karl Marx couldn't have done as much damage to capitalists as Orville did."

    Terve kõne asub siin:
    http://http://money.cnn.com/magazines/fortune/fortune_archive/1999/11/22/269071/
  • Samas näiteks Baltika aktsionärid oskaksid seda ettevõtet ilmselt hinnata: miks mitte osta midagi sellist, kuhu saab harjumuspärasel kombel igal aastal vahepeal kogunenud üleliigset uut raha sisse panna.
  • http://www.kauppalehti.fi/5/i/talous/uutiset/etusivu/uutinen.jsp?oid=20111097183

    Air Baltic etsii johtajaa - Taskila mukana veikkailuissa

    Yksi vahva ehdokas olisi Air Balticin entinen strategiajohtaja Tero Taskila. Taskilan kiinnostus tehtävään on kuitenkin kyseenalaista, sillä hän aloitti vasta loppukesällä Viron kansallisen lentoyhtiön Estonian Airin toimitusjohtajana.

    __________

    Tundub,et Estonian Air on pidevalt tagaplaanil.
  • Tundub,et Estonian Air on pidevalt tagaplaanil.

    ...mis tegelikult on kummaline arvestades, et EA LENDAB, erinevalt Air Balticust kus "lendab" BUSS.
  • Sakslane Martin Gauss alustab Air Balticu tegevjuhina novembri alguses. Ta on varem juhtinud Malev Hungarian Airlinesit ja Cirrus Airlinesit.
  • Eestlastele Bombardier just liialt ei meeldinud, nüüd siis lätlased testimas. Bombardier books order from Air Baltic
  • Väga üllatav valik nende poolt. Tellimuste kogusega see mudel just ei hiilga. Vaevalt nüüd AB neid Eesti kolme lennukit üldse kunagi sooviks.
  • Baltikumi-siseselt on Bombardieriga näiteks Tallinn-Vilnius liinil küll selge kvalitatiivne edasiminek toimunud (liikles EA Saab või AB Fokker, samuti jääb lennuaeg nüüd alla tunni). Kas ja mis raha selle liini pealt teenitakse, ma küll ei tea. Väga tihti ei lenda küll, aga kui lendan, on täituvus hea olnud lennukist sõltumata.
  • Tänane ERR uudis.
    Läti korruptsioonivastane büroo (KNAB) taotleb riigi peaprokuratuurilt kriminaalasja alustamist lennukompanii airBaltic endise juhi Bertolt Flicki suhtes.

    Uudisteagentuuri LETA kasutuses oleva informatsiooni kohaselt peab KNAB Flicki süüdlaseks raskete tagajärgedeni viinud ametiseisundi kuritarvitamises. AirBalticu endist juhti võib süüdimõistmisel ähvardada kuni viieaastane vangistus.

    KNAB-i pressiteate kohaselt on piisavalt tõendeid selle kohta, et valitsusele ja ametiisikutele kompanii põhikapitali muutmiseks surve avaldamise eesmärgil muutis Flick 2011. aasta 12. ja 13. septembril alusetult ära kompanii üheksa lennureisi.

    AirBaltic, mis on tunnistatud selles asjas kannatanuks, nõuab 14 500 latti (26 626 eurot) kompensatsiooni.

    2011. aasta sügisel, kui oli saanud teatavaks, et airBalticu kahjum on rekordilised 77 miljonit latti (109,5 miljonit eurot), lahkus Flick aktsionäride nõudel lennukompanii juhi kohalt.

    AirBaltic andis Flicki kohtusse, süüdistades teda teadlikus kahjurluses ja kuritarvitustes ning nõudes talt 20 miljoni lati (28,45 miljoni euro) hüvitamist. Peale selle nõuab airBaltic Flicki vastutuse kindlustanud kompaniilt 50 miljonit latti (71 miljonit eurot).
  • https://trip.ee/uudised/air-baltic-ostab-60-uut-bombardier-cs300-lennukit
    Päris jõhker kogus lennukeid. On lootus uutele otselendudele Tallinnast, Riiast rääkimata. Raske on arvata, milline lennujaam ja firma on tulevikus Baltikumis keskne.
  • Nordica võib hakata ennast vaiksel kokku pakkima.
    Kusjuures need CS 300-jad on pagana mugavad lennukid. Võrreldes A320 ja A321 tundub jalaruumi rohkem olema ja istmed on mugavamad.
    Ei saa aru miks see Nordica nende mõttetute nõeltega lendab
  • mx77 ja tegelikult paljud teisedki. ÄGE on see, et iga Eestis avaldatud lennundusuudis muutub Nordica siunamiseks. Air Balticu poolt igal juhul vägev avaldus.

    Nordica forever:)
  • mihkel, lendad põhiliselt Brüsseli vahet?
  • Millal teada saab mis tingimustel poolakad need EV riigilennukid endale said, LOTi pardaajakirja vaadates on üsna selge, et nad neid endi omaks peavad. Maksumaksja võiks teada tegelt kuidas ta rahaga toimetatakse.
  • Poolakad ei ole neid endale saanud. Täpselt samamoodi võib DHLi kliendilehte vaadates jääda mulje, et nad European Air Transpordi, ABXi jt lennukeid enda omaks peavad...
  • Noh poolakad esitlevad neid kui omasid, osa nende fliidist. Diili tingimused võiksid siiski avalikumad olla. Kui vaid teaks, et riigikapitalistid vähemalt pea tasuta või miinusega neid ära ei andnud. Nr.-id on supersalastatud, taaskord.
  • no sisuliselt on Nordica allhankefirma, kes teeb LOT ile allhanget, teiselt riigifirmalt renditud lennukitega.
  • mihkel48
    mis see Brüssel siia puutub?


    Lihtsalt mul on mulje jäänud, et see on ainuke liin millele Nordica vähegi panustab
  • Investors eyeing airBaltic for possible stock exchange listing, says airline boss Gauss
    At the moment, investment banks are making an independent assessment of the possibility of listing the Latvian national airline airBaltic's shares on the stock exchange to attract new capital, the chief executive and chairman of the airline, Martins Gauss, told LTV's Morning Panorama show December 12.

    Gauss said the airline continues to grow and this year will carry more than 4 million passengers - equivalent to more than double the population of Latvia.

    airBaltic is profitable and has "become an important airline in Europe," Gauss said, adding that "maybe we'll be quoted on the stock exchange."

    Independent investment bank representatives are currently assessing the airline, Gauss said, without naming any of them or specifying any dates. "They see us as one of the top candidates in Europe... that is the view from the outside," Gauss said.


    Sõnastus on muidugi kohutavalt segane. Nagu oleks võimalik mingigi teoreetiline variant, et saabuvad ei-tea-kust mingid investorid kes siis hakkavad täiesti niisama ettevõtet hindama.
    :D :D

    On ju selge, et IPO ettevalmistus käib. Miks selline kaartide segamine ja suitsukate?

    Wikipediast leitud majandustulemused pikema perioodi ulatuses:


    Ja natuke detailsemalt 2017. aasta koondaruandest (PDF):
    KASUMIARUANNE


    BILANSS



    Riia lennujaama veebilehel on ka koondstatistika kolme Balti riigi lennujaamade kohta:


    Ja anna.aero artiklis veel spetsiifilist regionaalset aeronautika statistikat.


    Saab näha kas investori otsingud päädivad siiski uue strateegilise investori sissetulekuga või ikkagi ettevõtte avalikuks tulekuga ja aktsiate noteerimisega börsil.
    Noteerimise korral, muide, oleks teatud sektori investoritele Baltikumis jälle üks alternatiiv nägemuse võtmiseks. Nimelt taristut oleks siin mitme eri nurga alt võimalik omada:

    Energijos Skirstymo Operatorius - ESO1L - elekter, gaas, elektritaristu
    LITGRID - LGD1L - Leedu elektri ülekandevõrgu süsteemioperaator
    Amber Grid - AMG1L - maagaasi torustik, kompressorijaam, gaasi müük
    Latvijas Gāze - GZE1R - gaasi müük ja kaubandus
    Lietuvos energijos gamyba - LNR1L - elektri- ja hüdroelektrienergia
    Kauno energija - KNR1L - elektri- ja soojusenergia tootmine

    Tallinna Vesi - TVEAT - puhta joogivee ja reovee käitlemise kommunaalettevõte
    Telia Lietuva - TEL1L - telekommunikatsioon ja IKT võrgud
    Baltic Telekom - BTE1R - holdingettevõtte mille varadeks on telekommunikatsiooniettevõtte aktsiad

    Klaipėdos nafta - KNF1L - nafta, LNG terminalid, sadamateenused
    Tallinna Sadam - TSM1T - sadamateenused, parvlaevad, kaldakaubandus
    Tallink Grupp - TAL1T - reisilaevaliiklus, kaubavedu Läänemerel
    Rīgas kuģu būvētava - RKB1R - Riia laevatehas

    AUGA group - AUG1L - mahepõllumajandus ja mahepõllumajandussadused, vili
    Linas Agro Group - LNA1L - põllumajandus ja põllumajandussadused, vili
    INVL Baltic Farmland - INL1L - põllumajandusmaa investeerimisfond
    PATA Saldus - SMA1R - metsamaa majandamine
    East West Agro - EWA1L - põllumajandus- ja metsandustehnika ning inventari müük ja hooldus

    Baltic Horizon Fund - rahavoogu tootev ärikinnisvara (kinnisvara)
    EfTEN Real Estate Fund III - EFT1T - rahavoogu tootev ärikinnisvara (kinnisvara)
    INVL Baltic Real Estate - INR1L - rahavoogu tootev ärikinnisvara (kinnisvara)
    Trigon Property Development - TPD1T - tööstus- logistikakinnisvara (wannabe) REIT
    VEF - VEF1R - elektrienergia müük ja (tööstus)kinnisvara arendus
    Arco Vara - ARC1T - kinnisvara arendus
    Pro Kapital Grupp - PKG1T - kinnisvara arendus

    Eelnev jaotus gruppideks muidugi on tinglik. Võib jälgida ametlikku klassifikatsiooni, aga saab ka vabamalt jaotada. Nt mitmeid primaartooraine ümbertöötlejaid ja/või tööstusettevõtteid lisades.
    Hiljutine Tallinna Sadama IPO Eestist ja tuleval aastal tõenäoliselt turule saabuv ENEFIT süvendavad mõlemad taristuinvestorite story´t Balti turgudel. Samuti võimalik OPERAIL-I IPO (ning ning Omniva ka) sobiks selle teema valguses kompotti.
  • ch-aviation vahendab teadet: Latvia's airBaltic hires Greenhill & Co to seek investors
    airBaltic (BT, Riga) has hired New York-based consultancy firm Greenhill & Co to seek potential investors, the Latvian Ministry of Transport told public newswire LSM.
    "The investment bank is currently presenting our potential investors with our new business plan, Destination 2025," the ministry said.
    The Latvian carrier is currently 80%-owned by the Latvian state, although CEO Martin Gauss at many occasions underlined that the government is not interfering in how the carrier is run. The remaining 20% stake is owned by Danish businessman Lars Thuesen.
    In 2016, airBaltic hired Lazard Freres to help it find new owners. While the advisors assisted in the sale of the 20% stake initially to Ralf Montag Girmes (later bought by Thuesen), they failed to facilitate a full takeover. In April 2018, the contract with the previous advisors lapsed.
    While the state is, in principle, willing to dispose of its majority stake in airBaltic, the ministry refused to produce any specific deadline for the new consultancy firm to find an investor. The carrier itself also said repetitively that finding a new owner was not urgent.


    Paar nädalat tagasi imbus välja mõte, et AirBaltic võib 30 uue Airbus lennuki tarbeks teha kusagil Euroopas uue juriidilise keha, sealjuures suurinvestorist ülejääva tüki müüa börsil maha: Latvia's airBaltic mulls European subsidiary with 30 A220s
    airBaltic (BT, Riga) is planning to establish a subsidiary in another European country and could transfer up to thirty A220-300s to the new unit, CEO Martin Gauss told Bloomberg.
    The Latvian flag carrier will most likely seek private equity funding for the new subsidiary. Details of the plan will be firmed by the end of the year, after airBaltic firms the options for thirty A220-300s tentatively announced in 2018.
    The carrier previously said that it will base at least some of its incoming A220s outside of the three Baltic states, namely Latvia, Lithuania, and Estonia, due to the saturation of the market there.
    airBaltic currently operates fourteen A220-300s and has a further thirty-six on firm order besides the thirty not yet firmed options. It expects to become an A220-only operator by 2022 after retiring its B737s and Dash 8-400s.
    Once airBaltic firms the thirty options, the deliveries of these units will be scheduled for after 2022.
    Gauss also said that the carrier itself is still evaluating its funding options. airBaltic is currently 80% owned by the Latvian state with the remaining shares owned by Danish entrepreneur Lars Thuesen. airBaltic could seek further funding from either of the shareholders but selling a stake to a private equity firm or another airline is also an option. Gauss added that eventually, after the sale of a stake to a private firm, the carrier could list the remaining shares at a stock market through an IPO.


    AirBaltic praegu:
    * Type: Scheduled Carrier
    * Base: Riga
    * Aircraft: 34
    * Destinations: 73
    * Routes: 87
    * Daily Flights: 115

    Greenhill pole just kõige suurem maja, kuigi hiljuti on teinud mitmeid olulisi tehinguid.
    Loen teelehtede pealt välja, et AB otsib strateegilist investorit ja börsile ei lähe.
  • AB müügitulu 2018 aastal 409 miljonit ja kasum 5,4 miljonit.

    airBaltic reports profit of 5.4 million in 2018
    Latvian airline airBaltic continued its growth in 2018 and achieved strong financial results. According to the financial results for 2018, for the first time in the company’s history airBaltic has achieved EUR 400 million revenue, while the net income has grown by more than 40% compared to 2017, reaching EUR 5.4 million.
    Martin Gauss, Chief Executive Officer of airBaltic: “For the sixth year in a row we are showing a strong track record on profitability. With exceeding 400 million revenue and 4 million passengers, we are ready for future growth with our state-of-the-art Airbus A220 fleet.”

    “airBaltic plays an important role in ensuring air connectivity to Latvia and the Baltics. According to a recent study by business strategy consultants Roland Berger, airBaltic contributed 2.5% to Latvia’s GDP in 2018 and supported close to 30 000 jobs. As the market leader in the Baltic region, we will continue expanding our market share by further improving connectivity between the Baltics and the rest of the world,” Martin Gauss added.

    Revenue: 2018 EUR 408.7 million vs 2017 EUR 347.7 million, +18%
    Net income: 2018 EUR 5.4 million vs 2017 EUR 3.7 million, +46%
    Passengers: 2018 4.1 million vs 2017 3.5 million, +17%
    Flights: 2018 56,261 vs 2017 50,093, +12%
    Employees (year-end): 2018 1,581 vs 2017 1,410, +12%
  • S&P Assigns Air Baltic Prelim 'BB-' Rating; Outlook Stable
    -- We expect Air Baltic to complete the issuance of approximately EUR200
    million of unsecured international notes in the next 90 days and use the
    proceeds to repay outstanding debt and strengthen its liquidity position,
    considering it a transformative event.
    -- Given Air Baltic's planned large capital investment in expanding and
    modernizing its aircraft fleet, the airline has limited room for debt
    reduction (adjusted gross debt to EBITDA of 7.5x-8.0x in 2019-2020 pro forma
    the notes' issuance) and its low return on capital, high concentration on one
    region, and exposure to the highly cyclical airline industry limit its
    stand-alone credit profile (SACP) to 'b'.
    -- We are assigning our preliminary 'BB-' long-term issuer credit rating
    to Air Baltic, which includes two notches of uplift from its SACP due to the
    moderately high likelihood of market-based financial support by the Latvian
    government in case of financial distress.
    -- The stable outlook reflects our view that Air Baltic will be able to
    maintain adjusted funds from operations (FFO) to debt above 6% over the next
    12 months, while meeting its heavy capital expenditure (capex) requirements
    from operating cash flows. It also reflects our expectation of the continued
    moderately high likelihood of timely and sufficient extraordinary government
    support if Air Baltic faced financial distress and that the airline will
    strengthen its liquidity, retaining the majority of the notes' proceeds on the balance sheet.

    The final rating will depend on the successful completion of the notes'
    issuance and our receipt and satisfactory review of all final transaction
    documentation. Accordingly, the preliminary rating should not be construed as
    evidence of the final rating.
    ...
    The 'BB-' preliminary issuer credit rating on Air Baltic reflects the
    company's small scale and scope of operations. It serves about four million
    passengers and has high concentration in one region--the Baltics--and a low
    return on capital. The rating is further constrained by Air Baltic's
    susceptibility to the fundamental characteristics of the airline industry,
    including European economic cycles, oil-price fluctuations, high capital
    intensity, and unforeseen events, including terrorism and disease outbreaks.
    This is partly offset by Air Baltic's leading position in the Baltic region,
    with an about 60% market share in Riga Airport and an established presence at
    Vilnius and Tallinn Airports. Air Baltic also has a competitive cost structure
    thanks to its comparatively low labor costs and its transition to a
    single-family aircraft fleet.

    S&P Global Ratings expects Air Baltic to issue approximately EUR200 million of
    medium-term senior unsecured international notes, which we have incorporated
    into our base case. Air Baltic plans to use the proceeds from the issuance to
    strengthen its liquidity and refinance its existing bank debt. We understand
    that Air Baltic will retain a significant part of the notes' proceeds on the
    balance sheet. We think this will provide ample financial leeway for, among
    other things, working capital needs and the potential adverse effects of U.S.
    dollar and euro currency mismatches, because Air Baltic operates with a U.S.
    dollar short position. Overall, we would view this increased cash balance and
    improved liquidity profile as an essential and stabilizing rating factor.

    Given Air Baltic's planned large capital investment in the expansion and
    modernization of its aircraft fleet, it has limited room to deleverage. We
    forecast that the company will maintain credit metrics consistent with a
    highly leveraged financial risk profile, including adjusted FFO to debt of
    6%-8% and debt to EBITDA of 7.5x-8.0x in 2019-2020, compared with close to 10%
    and 8.0x respectively in 2018. This limits Air Baltic's SACP at 'b'.


    Air Baltic carried about 4 million passengers in 2018 and finished the year
    with 34 aircraft. This, combined with its targeting of passengers in the
    Baltics region, translates into a narrow business scope compared with the
    company's smallest rated airline peers, such as, for example, SAS and GOL
    Linhas, which serve about 30 million passengers each. Air Baltic's relatively
    small size and corresponding low absolute reported EBITDA base of about EUR40
    million in 2018--excluding the impact of International Financial Reporting
    Standards (IFRS) 16--makes the company more susceptible to unforeseen
    high-impact and low-probability events than larger players.

    The capital intensity of the underlying industry and Air Baltic's high
    investment needs result in a highly leveraged balance sheet. Air Baltic's
    adjusted debt to EBITDA increased to about 8.0x in 2018 from 6.5x in 2017, and
    we forecast that it will rise to 8.5x-9.0x in 2019 before a gradual decline
    toward 7.0x by 2020. This improvement will be due to an increase in EBITDA to
    about EUR90 million (including the effect of IFRS 16) in 2019 and about EUR120
    million in 2020, up from about EUR64 million in 2018, rather than debt
    reduction. Because of its high capex for fleet expansion and modernization,
    the airline has limited room for deleveraging in 2019-2020.

    Air Baltic is 80% government-owned, while 20% is held by private investor Lars
    Thuesen. We believe there is a moderately high likelihood that the government
    of Latvia would provide Air Baltic with extraordinary market-based support,
    which translates into a two-notch uplift from the company's SACP. We base our
    view on our assessment of Air Baltic's:
    -- Strong links with the government of Latvia.
    -- Important role for the Latvian government.

    The stable outlook reflects our view that Air Baltic will be able to maintain
    adjusted FFO to debt above 6% over the next 12 months, while meeting its heavy
    capex requirements from operating cash flows. We continue to expect a
    moderately high likelihood of timely and sufficient extraordinary government
    support if Air Baltic faced financial distress. Furthermore, the outlook
    reflects our view that the airline will strengthen its liquidity by retaining
    the majority of the proceeds of the upcoming issuance on the balance sheet.

    Rating downside could arise if adjusted FFO to debt fell below 6% on a
    sustainable basis. This could happen because Air Baltic's earnings
    deteriorated through increased competition from low-cost carriers, or because
    oil prices increased significantly above our base case without being
    sufficiently passed on to customers through higher ticket fares in a timely
    manner. We could also lower the rating if we believed that the likelihood of
    government market-based support had weakened. All other things being equal,
    the lowering of our rating on Latvia by four notches, which we currently view
    as unlikely, would also exert downward pressure on the rating on Air Baltic.

    We could raise our rating if Air Baltic's earnings and cash flow improved
    materially such that adjusted FFO to debt strengthened sustainably to more
    than 12%. This could occur if yields increased significantly, for example due
    to over-proportional growth of less-price-sensitive passengers, or if oil
    prices dropped below our base-case assumptions absent ticket price deflation.
    Although less likely, we could also raise the rating if we saw that Air
    Baltic's role for, or link with, the Latvian government had strengthened.

  • PR: airBaltic successfully places a 200 million euro bond issue
    Latvian airline airBaltic on July 23, 2019 successfully placed a 200 million euro issue 6.75 percent 5-year bonds becoming the largest corporate bond issue originating from Latvia. The transaction was well received by the international and local investor community resulting in a final allocation to more than 100 investors from 25 countries and the demand for the securities exceeded supply.

    The airBaltic management team together with J.P. Morgan and SEB banks hosted a very well-attended six-day roadshow, meeting investors in all three Baltic capitals, London, Frankfurt, Zurich, Geneva and Helsinki.

    The settlement of the bonds is expected to take place on July 30, 2019. The bonds will be listed on Euronext Dublin stock exchange – one of the most recognised bond-listing venues globally.

    airBaltic selected J.P. Morgan as the global coordinator and together with SEB as the joint Bookrunners for its bond offering. The leading legal advisor of airBaltic was Dentons as to matters of English law, and Cobalt advised airBaltic as to matters of Latvian law. Linklaters advised J.P. Morgan and SEB Bank as to matters of English law.

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