AirBaltic airlines (marked with IATA code BT) were established in August 28, 1995. Initially, they operated as a cooperation with SAS (Scandinavian Airlines), but after fifteen years they became an independent enterprise. The majority shareholder is the Latvian government, while the remainder belongs to the well-known Danish business manager Lars Thuesen.
The carrier's mode of operation and business model are surely worthy of a mention. The airline could be described as a combination of traditional domestic carriers with low cost airlines. Currently, the airlines operate regular connections mainly between the Baltic States, as well as to cities of Scandinavia and Western European. AirBaltic aircrafts also travel to several cities in North Africa and the former Soviet Republics in western Asia. On top of that, they work with smaller local carriers offering transfer connections.