financeSkift··1 min·For: Owner, GM, Revenue, Investor
AirBaltic Files Chapter 11 to Restructure Debt
Latvia's AirBaltic has filed for Chapter 11 bankruptcy protection in the U.S. to restructure debt, securing €350 million in debtor-in-possession financing while maintaining normal flight operations.
Key Takeaways
- 1AirBaltic filed for Chapter 11 bankruptcy in New York, with the restructuring process expected to last through mid-2027.
- 2Flight operations, ticketing, and customer service will continue unaffected during the process.
- 3The carrier secured €350 million ($404 million) in new financing commitments to fund operations during restructuring.
Source: Skift
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