FlightGlobal
• Joseph Dainty
The Latvian carrier has notified Latvia’s State Employment Agency of a planned collective redundancy process that could affect 500 to 700 employees at its bases in Riga, Vilnius and Tallinn. airBaltic describes the reductions as a cost-cutting effort and says its flight schedule will not be affected.
Aircraft Demand: Airline Distress & Consolidation
Latest source-backed stories
High activity
The Latvian carrier has notified Latvia’s State Employment Agency of a planned collective redundancy process that could affect 500 to 700 employees at its bases in Riga, Vilnius and Tallinn. airBaltic describes the reductions as a cost-cutting effort and says its flight schedule will not be affected.
The Latvian carrier says planned changes under its financial restructuring could affect 500 to 700 positions across its three bases. Discussions with unions are ongoing, and the final number remains unsettled.
Garuda Indonesia plans to issue up to 124.4 billion new Series E shares through a rights issue as part of its 2025–2029 restructuring plan. The transaction represents the airline’s latest effort to strengthen its financial position and support its long-term recovery strategy.
High activity
Alaska Air Group is positioning itself for a broader national and international role, combining Hawaiian Airlines’ widebody fleet with plans to join transatlantic and transpacific joint ventures. The strategy would intensify its Seattle competition with Delta while leaving room for one final major U.S. airline acquisition.
High activity
Pegasus Airlines has finalized its acquisition of Czech Airlines and the Smartwings Group after securing required regulatory approvals and satisfying closing conditions. The deal marks the Turkish low-cost carrier’s first foreign expansion, while the Czech Airlines brand is expected to remain intact.
High activity
Romanian carrier AnimaWings has filed for insolvency and entered judicial reorganisation after recurring technical problems grounded its Airbus A220-300 fleet. Two of the airline’s six aircraft have been flown to Toulouse, while the company plans to continue operating and preserve as many scheduled routes as possible.
Garuda Indonesia’s finances have deteriorated further only months after sovereign wealth fund Danantara provided a $1.4 billion rescue. Surging fuel costs have wiped out the flag carrier’s remaining equity, increasing pressure for a new share sale to restore its balance sheet.
PT AirAsia Indonesia is considering restructuring part of its liabilities and selling shares as it seeks to repair a balance sheet that has kept the low-cost carrier’s stock suspended since July. The measures signal continued financial pressure and uncertainty around the airline’s path to restoring normal trading.
Create a free account to see more recent Aircraft Demand: Airline Distress & Consolidation stories and keep bookmarks in one place.
