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.
Latvia's airBaltic said on Monday it had filed for protection under Chapter 11 of the U.S. Bankruptcy Code in New York as part of a financial restructuring aimed at reducing its debt.