What Happened
Latvian Carrier Seeks Restructuring Amid Financial Challenges
Latvian carrier AirBaltic has filed for US Chapter 11 bankruptcy restructuring, along with its subsidiaries AirBaltic Training and Baltic Cargo Center. Despite the filing, the airline claims operations are continuing as normal. The move comes as AirBaltic faces financial challenges, and the restructuring process may involve significant changes to the airline’s operations and strategy. This development was first reported by Aviation Week.