Riga, Latvia – Latvian airline airBaltic has appointed Seabury Securities LLC and Seabury Securities (UK) Ltd. as its strategic and financial advisor. The firms, referred to collectively as Seabury, will assist in executing the companys strategic priorities outlined during an investors call on March 11, 2026.
This appointment comes amid airBaltic’s broader efforts to secure funding and navigate challenging market conditions. The airline aims to raise approximately 300 million euros through an initial public offering, shifting from long-term state support toward private investment. Recent steps include reducing registered capital from over 571 million euros to 25.179 million euros by converting multiple share classes to a single category at ten euro cents per share, addressing accumulated deficits and aligning the balance sheet with investor standards.
Seabury’s role involves supporting financial development and market navigation, as airBaltic prepares for fleet expansion to 100 aircraft by decade’s end and targets 12 million annual passengers. The carrier recently reported its highest-ever revenue in 2025, though with a reduced net loss compared to 2024. Investor talks for pre-IPO funding continue at an advanced stage, with government urging new investors by mid-2026 to avoid operational risks.