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At the same time, the company’s representatives stated that according to the agreement, airBaltic cannot disclose the sales amount or other details of the transaction.
“By completing the training with the Boeing 737 simulator, we will be able to purchase and install a second modern Airbus A220 flight simulator in the future,” said Pauls Cālītis, AirBaltic’s Chief Operating Officer, For Airbus A220-300 aircraft.
AirBaltic’s subsidiary Air Baltic Training has been using the Boeing 737 flight simulator since its inception in 2010. During this time, it has completed more than 50,000 training hours, reaching its peak in 2018, when it was used more than 85% of the commercially available time throughout the year. In total, 44 different companies have used it for training.
At the end of 2019, Air Baltic Training introduced the Airbus A220 flight simulator.
It has already been reported that Air Baltic Training had a turnover of 3.105 million euros and a loss of 57,907 euros last year.
Last year, the airBaltic Group had a turnover of 142.6 million euros, which is 72% less than a year earlier, but the group’s losses increased 29 times and reached 264.6 million euros. The airBaltic Group includes the parent company Air Baltic Corporation and its subsidiaries SIA Baltijas krov centrs, AS Aviation Crew Resources, SIA Air Baltic Training and SIA Loyalty Services.
The Latvian state owns 96.14% of the voting rights in the capital of airBaltic, but the financial investor, Danish businessman Lars Tussen, owns Aircraft Leasing 1 – 3.86%.
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