Air Baltic agrees terms with ‘certain’ bondholders for up to €257m of interim financing

Air Baltic has secured an agreement for up to €257 million in interim financing, a crucial step towards implementing its fleet reduction strategy. The funds will directly support the airline's plan to reduce its aircraft numbers. Negotiations have been finalized with “certain” bondholders and finance providers involved in the transaction. This financing is contingent upon approval from both bondholders and shareholders before it can be fully executed. Air Baltic’s strategic shift necessitates this immediate access to capital for operational adjustments.