AirBaltic Files For Chapter 11 Bankruptcy Protection In The US & Expects To Complete It By July 2027
Source ↗
👁 0
💬 0
The financially struggling Latvian flag carrier, AirBaltic, filed for Chapter 11 bankruptcy protection in the US today, hoping to emerge as a leaner, less indebted airline by July 2027.
The airline already released its plan in August (read more here), outlining a goal of reducing its fleet by a third, from 54 to 36, on a path to profitability. AirBaltic originally planned to grow to an airline with a fleet of 100 planes.
The Latvian government owns roughly 89% of the airline, while the Lufthans
The airline already released its plan in August (read more here), outlining a goal of reducing its fleet by a third, from 54 to 36, on a path to profitability. AirBaltic originally planned to grow to an airline with a fleet of 100 planes.
The Latvian government owns roughly 89% of the airline, while the Lufthans
Comments (0)