airBaltic Initiates Chapter 11 Financial Reorganisation; Flights and Customer Services to Continue
Chronological coverage
First seen13h agoairBaltic Initiates Chapter 11 Financial Reorganisation; Flights and Customer Services to Continue
Air Baltic Corporation AS (hereinafter – airBaltic or the company), the national airline of Latvia and leading carrier in the Baltic States, today announces that airBaltic and certain of its subsidiaries have voluntarily initiated proceedings under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York (the “U.S. Court”). Chapter 11 is a well-established U.S. legal framework, recognised internationally and used regularly by U.S. and international airlines, that allows companies to restructure their finances and raise capital while continuing day-to-day operations under the supervision of the U.S. Court. airBaltic is using this process to address its financial obligations and achieve a more sustainable capital structure.
Breaking Travel News
- Follow-up12h ago
airBaltic Seeks Chapter 11 Protection as €350 Million Financing Supports Restructuring
Aviation News – Latvia’s national airline airBaltic has voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in New York as it...
Aviation News EU
Follow-up12h agoairBaltic files for Chapter 11
Latvia’s national airline airBaltic said this Monday it and certain subsidiaries had voluntarily filed for Chapter 11 bankruptcy protection in the United States, seeking to restructure its finances while continuing to operate flights as normal. The carrier, which describes itself as the leading airline in the Baltic states, said the proceedings were initiated in the […]
AviTrader•Heike Tamm
Follow-up12h agoairBaltic voluntarily initiates U.S. Chapter 11 process while continuing operations
LARA•Satu Dahl
Follow-up11h agoAirBaltic Files for Chapter 11 Bankruptcy Protection as Financial Pressures Mount
Passengers probably won’t notice AirBaltic’s bankruptcy filing. Its creditors, lessors and shareholders certainly will.
Skift Airlines•Gordon Smith
Follow-up10h agoairBaltic files for Chapter 11 days after seeking €257 million lifeline at 25% interest
Latvian carrier secured commitments for €350 million in bankruptcy financing as it seeks to restructure debt while maintaining operations
Air Data News•Ricardo Meier
Follow-up9h agoairBaltic files for Chapter 11 bankruptcy protection in US
Latvia’s flag carrier airBaltic has filed for Chapter 11 bankruptcy protection in the United States, launching a court-supervised…
AeroTime•Clement Charpentreau
Follow-up7h agoAirBaltic Files for Bankruptcy
Flight operations will continue as normal, the carrier said.
AirlineGeeks•Zach Vasile
Follow-up7h agoLatvian Flag Carrier airBaltic Files For Chapter 11 Bankruptcy Protection
airBaltic has filed for Chapter 11 bankruptcy protection in the US to restructure its debt, with flights continuing as usual during the process.
One Mile at a Time•Ben Schlappig
Latest6h agoairBaltic files for Chapter 11 financial restructuring while flights continue
Latvian flag carrier airBaltic has voluntarily initiated proceedings under Chapter 11 of the U.S. Bankruptcy Code to restructure its financial obligations, while stressing that flights and customer services will continue as normal. According to a press release issued by the airline, airBaltic and certain subsidiaries filed for Chapter 11 protection with the U.S. Bankruptcy Court […]
Aviation24.be•Bart Noëth