AirBaltic files for Chapter 11 bankruptcy in New York
Latvia's airBaltic said it filed for Chapter 11 protection in New York as part of a financial restructuring aimed at reducing debt.
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06:46:33 AM UTC
SquawkNews
Latvian airline AirBaltic has filed for Chapter 11 bankruptcy in the U.S., according to a court filing on Monday.The carrier, majority-owned by the Latvian state, said it is seeking financing from bondholders as it races to avert default.
S. Bankruptcy Code in New York as part of a financial restructuring aimed at reducing its debt.