Guide: The “Chapter 11” procedure does not mean the liquidation of “airBaltic”, no state funding will be needed

Guide: The "Chapter 11" procedure does not mean the liquidation of "airBaltic", no state funding will be needed

He emphasized that “airBaltic” will continue flights during this process, and passengers can continue to book and purchase tickets.

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E. Hildenas indicated that this decision was chosen because the airline’s existing financial obligations, along with the investments needed to implement the new business plan, require a more sustainable capital structure. He also noted that financing agreements, creditors, and aircraft leasing obligations are international in nature and can be addressed in a single court-supervised process.

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