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airBaltic wins approval for €140 million DIP financing to continue operations under Chapter 11

A U.S. bankruptcy court approved airBaltic’s first-day motions and access to an initial €140 million in debtor-in-possession financing, allowing the Latvian carrier to maintain normal operations during its voluntary Chapter 11 restructuring after disclosing it had approached a critical liquidity shortfall.

Discovered 2026-09-16T02:35:56.895523-07:00 | 2026-09-16T02:35:56.895523-07:00

Briefing

What Hype is tracking

The €140 million financing provides airBaltic with near-term liquidity to keep operating while it restructures under Chapter 11.
Court approval confirms the carrier can maintain normal operations, limiting immediate disruption to its network, customers and commercial partners.
The disclosed proximity to a “liquidity cliff” underscores the financial pressure facing the Latvian airline and the importance of its restructuring outcome.

Reported By

FlightGlobal aerotelegraph.com Aviation24 Airline Economics