"airBaltic" wants to abandon several planes, including the plane in Latvian flag colors

The Latvian national airline "airBaltic" wants to abandon the lease agreements for three more "Airbus A220-300" aircraft, including the plane in Latvian flag colors, as these planes are no longer necessary for the company's operations and their lease costs exceed current market rates, according to the airline's application submitted to the U.S. Southern District of New York Bankruptcy Court, reports the LETA agency.

On November 6, "airBaltic" submitted an application requesting the court to allow them to terminate the further execution of the lease agreements for three aircraft, with the termination taking effect from November 25.

According to the application appendix, the bodies of all three aircraft are located at Riga Airport. One YL-CSN and one YL-CSM engine are located at the "Collins Aerospace" facility in Toulouse, France.

The airline indicates that, after evaluating long-term fleet needs, it was concluded that these planes are no longer included in the company's future fleet and business plan. Furthermore, the costs of these lease agreements exceed current market rates for comparable aircraft.

Photo: AirBaltic