US court accepts airBaltic Chapter 11 filing
Latvian carrier airBaltic has been allowed by a U.S. court judge to enter Chapter 11 and restructure its debt, according to Prime Minister Andris Kulbergs.
A U.S. court judge has accepted Latvian carrier airBaltic's request to enter Chapter 11 under the U.S. bankruptcy code and restructure its debt, Prime Minister Andris Kulbergs said on Wednesday."This means that airBaltic will be able to: immediately access financing; begin the restructuring process…