Aviation Industry Shakeup: airBaltic Enters Bankruptcy Proceedings in the US
Latvia's national airline has filed for Chapter 11 bankruptcy to restructure its liabilities. The company has secured a new financing commitment of €350 million
Latvia's national airline has filed for Chapter 11 bankruptcy to restructure its liabilities. The company has secured a new financing commitment of €350 million
Months after reducing $795 million in debt and appointing a new CEO, Spirit begins Chapter 11 to secure its future. Flights, credits, and points remain honored, and Free Spirit and Saver$ Club will continue. Read more inside