airBaltic lowers prices and increases frequencies on flights to Sweden

Riga, 20 October 2006: Starting now, Latvian airline airBaltic is lowering its starting prices on direct flights from Riga to Stockholm and Gothenburg. With the beginning of the winter season on 29th October, airBaltic will increase the number of flights on the Riga – Stockholm route to three per day.

“At the moment, we have one-way tickets starting from EUR 20 including taxes on five routes. Stockholm and Gothenburg are next. We are also increasing the frequency of flights to Stockholm, since experience has shown that when we lower our prices our passenger numbers increase 100%. Step by step we are coming closer to the time when all tickets will have such a low starting price,” airBaltic president Bertolt Flick said.

The new starting price of SEK295 (EUR 27.90) one way including airport taxes is being introduced on direct flights from Riga to Stockholm and Gothenburg. Tickets at this prices are available only on the airBaltic website, www.airbaltic.lv.

At present, airBaltic operates two flights daily from Riga to Stockholm, in the morning and the evening. Starting on 29th October, airBaltic will operate three daily flights by adding in one flight in the afternoon. Flights to Gothenburg will depart three times per week, on Tuesdays, Thursdays and Sundays.

airBaltic in brief

AIR BALTIC CORPORATION (airBaltic) is a joint-stock company founded in 1995. The main shareholders are the Latvian state (52.6%) and airline SAS AB (47.2%). In the first half of 2006 the airline’s turnover reached 50.85 million lats, an increase of 33% over 2005. The airline’s consolidated financial result for the first half of 2006 was a profit of 984 000 lats.

The airBaltic fleet consists of sixteen aircraft of types Boeing 737-500 and Fokker-50. airBaltic operates direct flights from two Baltic capitals: Riga (33 routes) and Vilnius (14 routes), as well as operating direct flights between Kaliningrad and Copenhagen. For the winter timetable, airBaltic will open flights to Zurich and Gothenburg.

For further information, please contact:
Vija Dzerve, Vice-President corporate communications
A/S Air Baltic Corporation
Riga international airport
Tel. (+371) 720 7726
Email: Vija.Dzerve@airBaltic.lv