Latvia in talks with a strategic investor to avert airBaltic default; carrier seeks short-term funding from bondholders
Latvia is negotiating with a strategic investor for struggling, state-controlled airBaltic, Prime Minister Andris Kļučbergs told Reuters. The airline is also planning to seek short-term funding from bondholders ahead of an Aug. 3, 2026 meeting as it works to avoid a potential 2026 default.