Latvian airline airBaltic has confirmed that it will launch a subsidiary that will be based in another European country.

airBaltic’s CEO has confirmed that airBaltic will transfer up to 30 A220-300 aircraft to the new country for the airline.

airBaltic has in recent times edpanded across Europe and the Middle East with new Airbus A220-300 aircraft.

airBaltic is partly owned by the Latvian state. Remaining the shares are owned by Danish entrepreneur Lars Thuesen. The airline is planning to fund the subsidiary privately, without support from the Latvian state.

A number of airlines are adding new bases across Europe, including both full service carriers and low-cost airlines such as Wizz Air, easyJet, and Ryanair. Airlines often add new bases to take advantage of profit potential in other countries.

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