Finance
AirBaltic IPO could be pushed back until early 2026, CEO says
Published by Global Banking & Finance Review®
Posted on January 13, 2025
2 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 13, 2025
2 min readLast updated: January 27, 2026
AirBaltic's IPO is postponed to 2026 due to engine delivery delays from Pratt and Whitney, impacting growth and leading to summer flight cancellations.
By Joanna Plucinska
DUBLIN (Reuters) -AirBaltic's initial public offering (IPO) could be pushed back to early 2026, the Latvian airline's chief executive said on Monday, adding that ongoing issues with engine deliveries were hampering the airline's growth prospects.
The airline, whose IPO was initially planned for last year, said this month that it would have to cancel a number of summer flight routes as a result of delays on engine deliveries.
"They just really don't get it," CEO Martin Gauss told Reuters on the sidelines of an aviation finance conference in Dublin, referring to RTX-owned engine manufacturer Pratt and Whitney.
Pratt and Whitney did not immediately respond to a Reuters request for comment.
Gauss added that, with delays set to continue for at least three years to come, talks with the engine maker were ongoing to address compensation to the airline for the delays.
He said pressure from bodies like trade group IATA on the engine makers was helping to show that "there is an industry-wide issue", adding that there was a greater need for transparency given the ongoing challenges.
Gauss said the airline was still looking for a pre-IPO strategic investor.
"Currently, we're talking to one pre-IPO investor, but we are able to open it in the future to other investors," Gauss said.
Reuters reported last year that Lufthansa was interested in a strategic stake in AirBaltic.
(Reporting by Joanna Plucinska and Conor HumphriesEditing by David Goodman and Emelia Sithole-Matarise)
The main topic is the delay of AirBaltic's IPO to 2026 due to engine delivery issues.
The IPO is delayed due to ongoing engine delivery issues from Pratt and Whitney.
Lufthansa has shown interest in a strategic stake in AirBaltic.
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