Ionic Insights: The Business Jet Fleet in the Baltic States

Welcome to this year’s final edition of Ionic Insights, in which we focus on the business jet fleet within the Baltic States.

We analyse the size, composition and age of the installed fleet, whilst simultaneously investigating the most numerous OEMs, aircraft types and registries.

Background

The group of countries commonly known as the Baltic States includes Estonia, Latvia and Lithuania. All three countries are members of Nato and the European Union.

With a combined population of approximately 6 million persons, land area totalling over 67,000 square miles and a combined GDP of €150 billion, these comparatively small nations boast a similarly small number of business jet aircraft; the vast majority being based in the capital cities of Tallinn, Riga and Vilnius.

Other than Estonia, which remains an important producer of oil shale, the Baltic States are not overly rich in natural resources. Agriculture remains important to all three economies; as does industry, particularly the production of foodstuffs, textiles, electronics, machinery and fabricated metals.

Fleet Analysis

The three Baltic States possess a combined business jet fleet totalling thirty-seven aircraft.

Latvia, with eighteen aircraft, is alone home to almost 50% of that fleet. Within Latvia, Embraer is the largest single manufacturer, with the large cabin Legacy 600/650 models being the most popular.

Estonia has the smallest fleet, with only nine aircraft. 

The largest operator in the Baltics is Riga, Latvia-based Union Aviation which operates eight large Embraer aircraft, a pair of Bombardier Globals and a Gulfstream G450.

See the following slide for a detailed breakdown of our analysis:

Source: AMSTAT, October 2024.