Latvian Airline AirBaltic Files for Bankruptcy Protection
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Insights by Echo AI
The largest airline in Latvia, AirBaltic, has filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. The move allows the company to continue operating while negotiating with creditors. AirBaltic has secured commitments for €350 million in financing from several lenders to ensure liquidity. The airline, founded in Riga in 1995, is considered the main airline of the Baltic countries and has a fleet size of around 55 aircraft. Last year, 10% of AirBaltic's shares were bought by German Lufthansa.
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Крупнейший авиаперевозчик Латвии — AirBaltic — начал процедуру банкрот...
Największy przewoźnik lotniczy na Łotwie — AirBaltic — wszczął postępo...
Face à la flambée des prix du kérosène, la compagnie aérienne lettone...
Авиакомпания airBaltic начала процедуру банкротства Крупнейшая авиако...
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