Latvia’s Air Baltic is set to offer flights from Vilnius to Hamburg and Lisbon from May, Lithuanian Transport Minister Marius Skuodis said on Wednesday.
“Starting from May, Air Baltic will connect Vilnius with Lisbon and Hamburg,” Skuodis told journalists at Vilnius Airport. “These are among the largest cities in Europe, and (Hamburg is) one of the most important cities in Germany and a key port city.”
Under an investment model agreement signed by Lietuvos Oro Uostai (Lithuanian Airports, LTOU) and Air Baltic, the Lithuanian airport operator will compensate the airline for losses if the routes are unprofitable and the carrier will refund the money when the flights become profitable.
“These flights and these destinations stand out because they confirm the effectiveness of our long thought-out risk-sharing model, and today we are launching new destinations that will be long-term, not just for one year or just for a few years,” the minister said.
Source: BNS
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