Executive Board

The Executive Board manages Company’s everyday business and defines its future strategies, and regularly reports to the Supervisory Board. The Executive Board of airBaltic is comprised of three members, who are elected for the period of three years. The Executive Board members manage and represent the Company jointly. During the Executive Board meetings the resolutions are adopted by a simple majority vote.

Supervisory Board

The Supervisory Board of airBaltic consists of four Members. The Supervisory Board is elected by the Shareholders Meeting for a period of three years. The Supervisory Board Members elect one Chairman and one Deputy Chairman from among themselves.

Shareholders

Shareholders exercise their rights to participate in airBaltic’s management at the Shareholders Meeting. Resolutions at the Shareholders Meeting are adopted by a majority of votes present and entitled to vote. There are certain exceptions to a simple majority, in which case not less than the three fourths majority vote of Shareholders is required.