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airBaltic Files for Chapter 11 With €350 Million Financing in Place
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— 2h
AirBaltic has filed for Chapter 11 bankruptcy protection in New York to restructure its heavy debt, backed by roughly €350 million in debtor-in-possession financing from a group of lenders, while the airline maintains ongoing operations and confirms tickets remain valid. As Latvia’s flag carrier with government ownership, the move is aimed at stabilizing finances and positioning the airline for a more competitive, leaner future in Europe’s crowded aviation market.
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Nicole Hardy
This restructuring with fresh financing should help airBaltic cut costs and stay competitive without grounding flights.
