AirBaltic CEO Martin Gauss steps down
LONDON, April 7 (Reuters) - The Chief Executive Officer for Latvian carrier airBaltic Martin Gauss has stepped down from his role, the company said on Monday, as the airline has repeatedly pushed back a planned initial public offering.
Gauss, who is German, has held the position of CEO since 2011.
The airline recently sold a 10% stake to German airline group Lufthansa (LHAG.DE), opens new tab as it said it struggled with engine delivery delays and sought to push back its planned IPO to 2026.
"Our core objectives remain unchanged, and airBaltic continues to implement its strategy and move forward toward a potential IPO," said Andrejs Martinovs, the chairman of the primarily state-owned airline's supervisory board.
Pauls Calitis, the current chief operations officer, will take over as interim CEO, the company said in a statement.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
25 minutes ago
- Reuters
Cremonese promoted to Serie A with playoff win over Spezia
June 1 (Reuters) - Cremonese were promoted to Serie A after a two-year absence, following a 3–2 victory at Spezia in the second leg of their playoff final on Sunday. After the first game ended goalless on Thursday, the second match turned into a thriller as a double from Manuel De Luca and a goal from Michele Collocolo gave Cremonese a three-goal lead. Spezia rallied with two late goals but could not overcome the deficit and will remain in Serie B for the next season. The Lombardy club Cremonese, relegated in 2023, will now join Pisa and Sassuolo in returning to Italian top flight, taking the places of Empoli, Venezia and Monza, who were relegated at the end of the season. "This season will be remembered for all we achieved: with sheer determination and plenty of drive, we secured promotion," Cremonese manager Giovanni Stroppa told DAZN.
Daily Mirror
4 hours ago
- Daily Mirror
Wirtz transfer twist as Liverpool bids rejected and two Reds stars eyed for swap
Liverpool have seen two bids rejected for Florian Wirtz as Bayer Leverkusen demand their hefty asking price - which could lead the Reds to tabled a player-plus-cash offer Liverpool have seen two of their opening offers for Florian Wirtz rejected and may have to give Bayer Leverkusen a player if they want to succeed in landing the German. Wirtz has emerged as a key target for the Reds this summer. They will have to smash their transfer record if they want to sign him, but first they and his Bundesliga club must agree on a fee. After two rounds of negotiations there has still been no breakthrough for the Premier League side. Originally they offered £84million with an additional £12.6m in bonuses. After that was rejected they upped it again and tabled an overall package which totalled £109.6m, but both were ultimately knocked back reports Kicker. The German club want £126m before they consider letting their playmaker go. Their club chief Fernando Carro previously said they "would never let Wirtz leave" for less than their valuation. Harvey Elliott and Jarrell Quansah are seen as two players who could help the two parties reach a breakthrough in negotiations, with Leverkusen admiring both. With a clear amount between what Liverpool want to pay and what Leverkusen are demanding the former Fulham youngster or the homegrown centre-back could help bridge the gap. Elliott struggled for game time throughout this season under Arne Slot and if Wirtz does arrive his minutes will likely decline further, which may motivate him to seek pastures new. The 22-year-old's signing may also hamper Dominik Szoboszlai's game time. Liverpool have already struck a deal with Leverkusen this summer after securing the signing of Jeremie Frimpong. The Dutchman will fill the void left by Trent Alexander-Arnold and has signed for £30m after the Reds activated with release clause at the BayArena. Leverkusen's managing director Simon Rolfes has said on the player's future: 'It's currently an open subject with Florian. There is concrete interest from Liverpool, but there's no more to say right now. Florian is our player.' Erik ten Hag has just been appointed as the club's new manager following the exit of Xabi Alonso, but refused to be drawn on possible exits ahead of pre-season. Leverkusen have also lost leading defender Jonathan Tah, who has moved to Bayern Munich following the expiry of his contract.
Scottish Sun
5 hours ago
- Scottish Sun
Tottenham speaking to other managers about replacing Ange Postecoglou with D-Day this week
TOTTENHAM are speaking to other managers about replacing Ange Postecoglou. But the Europa League-winning Aussie remains in the dark if the North Londoners will actually sack him or not. 3 Ange Postecoglou won Tottenham's first trophy in 17 years Credit: AFP 3 Daniel Levy is leaning towards sacking Ange Postecoglou Credit: Getty 3 Brentford manager Thomas Frank is on the list of Tottenham Credit: Reuters Spurs chairman Daniel Levy is still weighing up whether to axe Postecoglou or keep him on after the 59-year-old ended the club's 17-year trophy drought with glory in Bilbao earlier this month. SunSport understands it is more likely a change in the dugout is made, with a decision expected this week, but it is not a foregone conclusion yet. The representatives of a number of possible successors are believed to have been contacted in the meantime. Brentford boss Thomas Frank and Fulham chief Marco Silva are among those Spurs are considering. READ MORE IN FOOTBALL MAT LEAVE Cunha completes £62.5m Man Utd transfer after Red Devils reluctantly met terms Crystal Palace's FA Cup winning hero Oliver Glasner has been a target but the German says he is '99 per cent' certain to be staying with the Eagles. While SunSport understands there has been interest in Champions League runner-up Simone Inzaghi of Inter Milan. Postecoglou has been made to wait on his future as he and a number of Spurs staff went on holiday last week. That was despite him clinching the club's first piece of silverware since the League Cup in 2008 with victory over Manchester United in Spain in the Europa League final almost a fortnight ago. BEST ONLINE CASINOS - TOP SITES IN THE UK The triumph meant ex-Celtic chief Postecoglou kept up his record of winning a trophy in the second season in every managerial job he has ever had where he has lasted that long. Spurs are set for a summer of change at executive level whether Postecoglou stays or goes. Ex-Arsenal CEO Vinai Venkatesham is coming in as chief executive, with chief football officer Scott Munn heading out the door. Former managing director of football Fabio Paratici is set to return once his two-and-a-half-year ban for financial malpractice at Juventus is over at the end of this month.
