Air Baltic secures access to critical funding as it details brush with ‘liquidity cliff’

US bankruptcy court has authorized €140 million in finance for Air Baltic, a crucial step during the airline's Chapter 11 restructuring process. This initial tranche of funding is designed to support the Latvian carrier’s operations while it navigates its US legal proceedings. Air Baltic was facing a potential “liquidity cliff” due to the complexities of the reorganization. The company secured approval for this critical financing amount as part of a larger planned funding structure totaling €350 million. This investment will allow Air Baltic to continue operating throughout its Chapter 11 process.