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Ceturtdiena 17.08.2017 | Name days: Oļegs, Vineta
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Chief of airBaltic earns nearly EUR 800,000 in 2013

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUMartin Gauss, Chief of airBaltic, received record high income, including bonus money, in 2013, which was concluded by the airline without losses.

According to anonymous sources of Pietiek.com, Gauss’ confirmed income was EUR 800,000 last year. It is only slightly below EUR 961,000, which is the reported earned profit of the airline for 2013.

‘An amount somewhere between seven and eight thousand euro,’ – as an anonymous source told Pietiek. At the same time, the anonymous official expressed scepticism regarding the airline’s reported profits ‘on paper’, which was mostly achieved through the use of different accounting tricks. airBaltic management has publicly admitted that the number of carried passengers has declined.

The decision regarding wage and bonuses was made after Gass had submitted his declaration to the State Revenue Service at the end of April. With that, last year’s bonuses will be detailed in the spring 2015 declaration.

Initial information that came from competent officials stated that Gauss would be paid nearly one million euro in relation to the first financial year airBaltic managed to conclude without losses. However, the airline’s council later decided on a smaller amount, because not all criteria were met.

The declaration that was submitted to SRS at the end of April shows that Gauss was paid EUR 639,848 as salary from airBaltic in 2013. Gauss’ salary for 2012 was EUR 386,695, which means his salary has effectively doubled. With that, for the first year airBaltic concluded with profits Gauss was paid larger bonuses than he received for two previous years in his post.

Gauss’ declaration for 2013 shows how his impressive income in the management of airBaltic allowed him to by another piece of real estate last year. In addition to his previously declared private houses in Austria and Germany, Gauss added another private house in Italy in 2013. In addition to that, Gauss declared a loan of EUR 500,000, which does not show up in declarations for previous years.

Ref: 102.109.109.4223


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  1. Ilmars says:

    This article should also mention the hundreds of millions of euros that Air Baltic is being sued for, because it is company policy not to pay their bills.
    Air Baltic should be closed down because it is only kept flying with taxpayers money and fraudulent accounting.
    The Latvian Govt. doesnt want anyone to know about their secret handouts to Air Baltic because it is a breach of EU policy for governments to subsidize bankrupt companies.
    If this guy had a conscience, he should hand his bonuses back to the government.

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  2. mike walsh says:

    The Baltic States are badly let down by Air Baltic. Whatever the reasons, corruption, money laundering, it is surely time for a truly independent Baltic States air service.

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    • Traveller says:

      Certainly there was plenty of bad practice in the days of Slesers and Flick.

      But not these days.
      All the accountants and internal auditors are UK qualified accountants.

      Its great that Gauss seems to have sorted things out and that it is now profitable. He deserves his bonus.

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  3. Grass next door says:

    airBaltic sold it’s Istanbul Ataturks slot to Britisch Airways for 1.2 million euro and started flying to the domestic airport of Istanbul last year. A descision like this shows he has zero view how the cookie crumbles at aviation. The evidence is that they cancelled the route recently. The only profitable leg of the airBaltic soap is Baltic Miles. airBaltic itself has zero future but, as with a true drug addict, always seems to find a way to score.

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