„AirBaltic“ will spend almost 80 million euros from the raised funds to buy back aircraft and engines

„AirBaltic“ will spend almost 80 million euros from the raised funds to buy back aircraft and engines

The decision states that 78.925 million euros from the first tranche of financing, which will total 140 million euros, will be used by airBaltic to fully cover obligations to Export Development Canada and Axiom Baltic Services. The debt amount, including accrued interest, commission fees, and other unpaid payments, totals 71.666 million euros. These obligations are secured by airBaltic aircraft, spare engines, and a simulator.

Read more Unexpected coincidences led Elzė to forestry: her grandfather’s words became fateful

Translated from

Leave a Reply

Your email address will not be published. Required fields are marked *