airBaltic is pushing its planned initial public offering (IPO) back to the first half of 2025 or later as its advisers suggest waiting for improved market conditions in the European sector, reported Reuters.
The Latvian airline, which had previously said it would consider an IPO in the second half of 2024, will instead look to do it "if there's a better outlook for European airlines", airBaltic chief executive Martin Gauss told Reuters.
That means the timing of the planned flotation could stretch into the second half of next year, or even later, although an announcement on its pre-IPO investor could come sooner, Gauss said, adding this could technically till be this month.
Reuters previously reported that Germany's Lufthansa was one of the companies in talks for a strategic investment in airBaltic.