Reuters
• Andrius Sytas, Gianluca Lo Nostro
Latvia’s national airline airBaltic has voluntarily filed for Chapter 11 protection in New York to restructure its debt and implement a new business strategy. The carrier secured a €350 million debtor-in-possession financing commitment and says flights will continue operating normally during the proceedings.
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Latvia’s national airline airBaltic has voluntarily filed for Chapter 11 protection in New York to restructure its debt and implement a new business strategy. The carrier secured a €350 million debtor-in-possession financing commitment and says flights will continue operating normally during the proceedings.
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