airBaltic Files for Chapter 11 With €350 Million Financing in Place
AirBaltic has filed for Chapter 11 bankruptcy protection in New York to restructure its heavy debt, backed by roughly €350 million in debtor-in-possession financing from a group of lenders, while the airline maintains ongoing operations and confirms tickets remain valid. As Latvia’s flag carrier with government ownership, the move is aimed at stabilizing finances and positioning the airline for a more competitive, leaner future in Europe’s crowded aviation market.
Business · 17 sources · Sep 14, 2026Read itThe journal
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About AirBaltic
airBaltic, legally incorporated as AS Air Baltic Corporation, is the flag carrier of Latvia. Its head office are located on the grounds of Riga International Airport in Mārupe municipality near Riga. Its main hub is Riga, and it operates bases in Tallinn, Vilnius, Tampere and a seasonal base in Las Palmas launched in 2023. It is majority owned (88.37%) by the government of Latvia. It operates solely Airbus A220 aircraft. On 14 September 2026, airBaltic filed for Chapter 11 bankruptcy protection in New York, United States. The airline also canceled its entire order for 40 Airbus A220 aircraft, valued at approximately US$3.5 billion.
Everything about AirBaltic →- Country
- Latvia
- Headquarters
- Mārupe Parish
- Inception
- February 8, 1995
- Website
- http://www.airbaltic.com/