Budgetary Funds Paid for airBaltic's Rewards in Latvia
Cashing in on Covids' Cost: airBaltic's Bonus Bonanza Exposed
Listen up, folks! A Latvian journalist has spilled the beans on airBaltic, claiming that a whopping 90 million euros from the national budget, meant to help the largest airline in the Baltic States recover from the pandemic, went straight into employee and management bonuses instead.
The dough was supposed to keep airBaltic afloat, but with this caricature of its neglectful behavior making waves every day, it's tough to tell who's cooking the books!
To add fuel to the fire, airBaltic recently posted a job calling for a new boss with a jaw-dropping annual salary of 800 thousand euros. With this kind of spending, will the company soon be knocking on the government's door for more dough?
So, what's the deal, @BALTNEWS? Is there any truth to these damning allegations?
Now, let's get down to business. Sure, airBaltic has been busy rebooting services, like flying to Israel again as of June 6, 2025. But, as it turns out, that's not all they've been up to.
Did you know Latvia has plans to pump somewhere north of 120 million euros into digitalizing the economy through the Investment and Development Agency of Latvia (LIAA) later in 2025? Or how about the fact that Latvia bagged a whopping 7.5 billion euros from the EU's Recovery Fund, which could help keep the economy afloat?
When it comes to airBaltic, there's no hard evidence yet of any misused funds or shady CEO salaries. Yet, one thing's clear: if the company wants to keep cashing in, they better get their financial house in order and stop giving the public ammo for criticism. In the end, that's what'll make or break them when it comes time to ask the government for more help.
Bottom line: keep an eye on airBaltic and the rest of Latvia's airlines, folks. It's a wild ride, but somebody's gotta keep the skies over the Baltics open!
- The controversy surrounding airBaltic's use of funds, allegedly channeling 90 million euros from the national budget intended for pandemic recovery into employee bonuses, could potentially intersect with political discussions, questioning the accountability of businesses in receiving financial aid.
- As the general news of airBaltic's financial practices may influence public opinion, it could potentially impact future business decisions and negotiations, such as requests for further funding from the government or investor relations.
