Air Baltic shores up liquidity as it awaits approval of recapitalisation plan

Air Baltic has secured a crucial step in its financial recovery following the bondholders’ agreement to amend outstanding bonds. This amendment provides Air Baltic with increased financial flexibility, allowing them to pursue their fleet reduction strategy. The carrier is actively seeking interim financing to support this strategic shift and maintain operational continuity. Bondholder approval represents a significant milestone for Air Baltic's plans. The airline anticipates securing a full recapitalization plan pending further approvals.