Latvian airline airBaltic is in talks with Airbus to buy 30 more A220 passenger jets by exercising existing contractual options, its chief executive told Reuters.
AirBaltic Airbus A220-300 aircraft is seen at the Riga International Airport, Latvia August 8, 2018. REUTERS/Ints Kalnins/File Phototo buy 30 more A220 passenger jets by exercising existing contractual options, its chief executive told Reuters.
AirBaltic is the second-largest European customer for the larger of two models of A220, the roughly 130-seat A220-300. It would focus on the same version for the new order. Gauss declined to say how much could be raised, nor what valuation the IPO would put on the 28-year-old airline.AirBaltic is among a number of airlines affected by delays in obtaining parts or repairs for the latest generation of engines produced by Pratt & WhitneyThe airline currently has 11 out of 42 A220s - or close to 25% of its fleet - grounded by shortages of spare engines needed to replace those going into routine repair, Gauss said.
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