airBaltic Advances IPO Plans with Independent Advisors Appointment

Latvia’s airBaltic is taking strides toward its initial public offering (IPO) by appointing STJ Advisors and Superia as joint independent advisors. The equity capital market advisory firm and Baltic financial advisory services company will oversee the entire IPO process, providing guidance and support to achieve the best possible outcome. While airBaltic’s CEO, Martin Gauss, emphasized the significance of a potential listing, no specific timeline or offering size details were disclosed. Fitch, in a recent assessment, anticipated the airline’s IPO between 2024 and 2026, positioning it as a crucial step for financial reinforcement and justifying state support during the pandemic. If realized, the IPO is expected to facilitate fleet expansion and sustain a robust financial structure for airBaltic. The carrier received significant equity support from its main shareholder, the Latvian government, in 2020 and 2021, mitigating the pandemic’s impact on its operations.