AirBaltic Files for Chapter 11 Bankruptcy Protection in New York
TLDR
- Latvia’s airBaltic has filed for Chapter 11 bankruptcy protection in New York
- The filing is part of a financial restructuring to reduce debt
- Flights will continue as normal and tickets remain valid
- The airline has secured €350 million in debtor-in-possession financing
- Lenders include Barclays, Morgan Stanley, and Oaktree Capital Management
AirBaltic, Latvia’s national airline, filed for Chapter 11 bankruptcy protection in New York on Monday as part of a plan to restructure its finances and cut its debt load.
We've taken an important step to strengthen our financial position, supporting our broader plan to build a more efficient and stronger airline for the future. As part of this, the company has voluntarily initiated a Chapter 11 financial reorganisation in the United States – a… pic.twitter.com/KisqEDmkSZ
- airBaltic (@airBaltic) September 14, 2026
The filing was made under the US Bankruptcy Code. The Latvian government, which holds a majority stake in the airline, is involved in the process.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
