airBaltic sold its four Boeing 737-300s to Magnetic MRO

Tallinn, Estonia - Latvian flag carrier airBaltic sold its four Boeing 737-300 jets to the Estonian Total Technical Care and asset management organization "Magnetic MRO" through a public tender.

These planes were the last Boeing jets in the Riga-based Baltic carrier's fleet. airBaltic is the launch operator of the Canadian-made Airbus A220 and operates 36 A220-300 alongside 12 Bombardier (De Havilland) Dash 8 Q400 NextGen.

The sale of Boeing 737 aircraft was a pre-planned move by the Latvian carrier, which aims to become an all-A220 operator over time.

In June 2019, we were awarded to acquire four Boeing 737s. Some of these aircraft have a long maintenance history at our MRO base in Tallinn. It’s delighting to witness the expansion of our cooperation beyond conventional MRO business – not only we keep aircraft airworthy, but also commit to take the ownership of the very same assets and help airlines to manage their exit risks. Thus, we are grateful to our Latvian partners for entrusting these aircraft in our hands. After maintenance checks and customization works had been completed, the aircraft have been placed into the hands of new operators,

said Risto Mäeots, the CEO of Magnetic MRO.

Boeing 737 Classics were a notable part of the airBaltic fleet for more than 10 years. They served as our breakthrough, helping to establish ourselves as a strong regional carrier. Now we are modernizing our fleet and relying on Airbus A220 as our future aircraft that will enable us to improve efficiency and better connect Baltics to the world,

said Martin Gauss, CEO of airBaltic.

After Estonian carrier Nordica decided to go on its operations as an ACMI operator, airBaltic intensified efforts to set itself as the flag carrier of all Baltic region, including Latvia, Estonia, and Lithuania. The carrier increased the number of its planes based in the other Baltic states and added new routes to its existing network form Baltic capitals.

airBaltic also considers adding Airbus's new extra-long-range single-aisle jets (A321XLR) to its fleet to launch long-haul flights from Riga in the future.