Boost for airBaltic as US Court Grants Access to Financing
10 Articles
10 Articles
Lietuvos Radijas ir Televizija
lrytas.ltAccording to a decision by the US Bankruptcy Court for the Southern District of New York, Latvian national airline airBaltic will be able to immediately receive the first tranche of 140 million euros in financing, the company told news agency LETA on Wednesday.
"The approval of our funding provides us with greater financial stability as we work to build a stronger and more sustainable airBaltic," says the airline's president and CEO.
US court approves airBaltic Chapter 11 relief request
The United States Bankruptcy Court for the Southern District of New York has approved airBaltic’s first-day relief request following the airline’s voluntary initiation of Chapter 11 proceedings. The court approved the announced EUR350 million euro (USD404 million) debtor-in-possession (DIP) financing proposal on an interim basis. As a result, airBaltic will immediately gain access to EUR140 million (USD161.5 million), the first tranche of its fi…
Several months ago (real year and a half) there was a new Uruguayan airline called SUA. The project spoke of several aircraft that would be contributed by the airline AIR BALTIC, all Airbus 220. It is from Latvia the company. Although there are only SUA renders, what if it can be confirmed is that Air Baltic... The entry The new Uruguayan airline that does not take off with the planes of a company in the chapter 11 was first published in Sir Cha…
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