airBaltic renews Avro RJ70 leases

Latvian airline airBaltic has extended the leases on its three Avro RJ70. airBaltic leased the three RJ70s, which had formerly been operated by Business Express, in 1996. Two are used on the airline’s main route, from Riga to Copenhagen. The third is currently sub-leased to Azzurra Air, but is expected to be taken back into the fleet when the sub-lease ends next year. The length of the new lease not announced, but leases from BAE Systems’ asset management arm typically run for five years or more. airBaltic was formed in 1995 by the Latvian Government in cooperation with SAS (which holds a 38.16% stake).

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