In the paper the authors examined key Latvian economy indicators, specifically focusing on trends in development of aviation industry development. In particular, also attention was paid to passengers and cargo volume transportation dynamics, as well as to RIGA International Airport Development Plan through the year 2036. The authors compared operations of RIGA International Airport with available data from other leading Baltic Sea Region airports, specifically within 300 kilometres zone. Another requirement was, a competing airport had to be in the TOP 100 airports globally to be considered.