Air Baltic Fires CEO After Latvian State Withdraws Support
Air Baltic dismissed longtime Chief Executive Officer Martin Gauss following a vote of no confidence from the Latvian state, the airline's main shareholder.
The Latvian airline made the decision after reviewing 2024 financial results and plans for an initial public offering, the Latvian Transport Ministry said Monday in a statement. Chief Operations Officer Pauls Calitis will serve as interim CEO, the ministry said in the statement.
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