Martin Gauss, CEO of Latvian airline airBaltic since 2011, was dismissed on 7 April following a shareholders’ vote of no confidence, initiated by the Ministry of Transport. The ministry did not specify the exact reason for the vote, though it followed confirmation of the airline’s 2024 financial results.
While Gauss is credited with turning around the airline and leading its growth, his tenure faced criticism over state support and limited Latvian language use. Despite this, airBaltic has remained operational and expanded while regional competitors collapsed. The Lufthansa Group’s upcoming 10% investment, expected in Q2 2025, will add a Supervisory Board member pending regulatory approval.
This post was published on 7 April 2025 17:00
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