airBaltic to Launch New 10 000 NFT Collection

Latvian airline airBaltic announces that in May 2022 it plans to launch a new NFT (non-fungible token) collection called Planies, consisting of 10 000 unique cartoon aircraft designs. The NFT holders of the collectables will be able to receive airBaltic Club points and other loyalty program benefits.

Martin Gauss, Chief Executive Officer of airBaltic: “We have seen a high interest in our initial NFTs, the airBaltic City Collection, and now we are taking the next step. By providing additional benefits like frequent flyer points or certain vouchers, we give added value to the collectors. It is the first step towards preparing the airBaltic Club loyalty program for crypto tokenization in the future.”

“With Web 3.0 arriving shortly, airBaltic is preparing to develop token-based economics for its frequent flyer program. The NFT technology will help to further digitalize processes not only within our loyalty program, but also in various other airline processes, thus reducing costs and making our work easier. The different NFT Planies will also be featured in the on-board entertainment materials for kids and youngsters, as well as in airBaltic’s advertisings,” Gauss added.

A Planie will be a collectable NFT consisting of a unique cartoon artwork of an aircraft with different traits, such as mouth, eyes, wings and engines etc. A total of 10 000 unique Planie NFTs will be issued on a dedicated website. After the initial minting, it will be possible to collect or trade them on the OpenSea marketplace.

airBaltic is well known as an airline of innovation among global carriers. Since 2014, airBaltic is the first airline in the world accepting Bitcoin and other crypto currencies to purchase flight tickets. Later in 2021, airBaltic became the first airline globally to issue non-fungible tokens (NFTs). So far, the company has issued nine editions of the airBaltic City Collection, available at https://opensea.io/airBaltic.

Further updates will follow on Planies NFT Club Twitter account @PlaniesNFT.

airBaltic in brief:

airBaltic (Air Baltic Corporation AS) connects the Baltic region with over 70 destinations in Europe, the Middle East, and the CIS. Over the last 25 years airBaltic has developed as a strong, profitable and internationally respected airline. airBaltic is by far the best known international brand of Latvia and responsible for more than 2.5% of the Latvian GDP. airBaltic operates 33 Airbus A220-300 aircraft. airBaltic has received numerous international awards for excellence and innovative services. Skytrax has awarded Latvian airline airBaltic a five–star COVID-19 safety rating. In addition, airBaltic is one of the Top twenty airlines for COVID-19 compliance by the safety, product, and COVID-19 rating agency Airlineratings.com. In 2018 and 2019 airBaltic received the ATW Airline Industry Achievement Award as the Market Leader of the Year. In addition, in 2019 airBaltic received Sector Leadership Award by Airline Business. airBaltic is a joint stock company that was established in 1995. Its primary shareholder is the Latvian state, which holds 97.03% of the stock, while the rest of the shareholders hold 2.97%.