Luftfahrt: Air Baltic flüchtet unter US-Insolvenzrecht – Betrieb läuft weiter
Die Airline will sich unter gerichtlicher Aufsicht finanziell neu aufstellen. Für Passagiere soll es bei der Airline, auch für andere Gesellschaften fliegt, keine Änderungen geben,
The Latvian airline Air Baltic has sought bankruptcy protection in the United States, according to the primary state carrier, which holds a ten percent stake in the company. Lufthansa announced on Monday that the airline had voluntarily filed a Chapter 11 petition with a New York court. The flight operations and all customer services continued uninterrupted.
A Chapter 11 proceeding allows companies to restructure their finances under court supervision while business operations continue. Air Baltic aims to achieve a stronger and more sustainable capital structure through this process. The airline secured a new financing of 350 million euros to ensure liquidity during the proceedings.
The supervisory board chairman, Andrejs Martinovs, said they carefully considered all available options. The process provides a clear framework for agreements with creditors, such as aircraft leasing companies, under court supervision and with creditor protection. Martinovs emphasized that the central priority is to keep flying and maintain Latvia's connectivity.
The goal is to conclude the process with a financially strengthened Air Baltic and a significantly reduced debt burden.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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