airBaltic submits development plan to ministers

airBaltic has presented a development plan to the Cabinet of Ministers, which recommends the government helps the airline to optimize its fleet and network of destinations to prevent a critical reduction in the airline’s business. airBaltic predicts that such a strategy would decrease passenger turnover by 8% in 2012 but it would be able to retain its leading positions in the Baltic regions and pursue expansion later on, if necessary. The further development of the Riga Airport as a regional transit hub would also benefit from such a strategy. The plan also indicates that should the government implement this scenario,