AirBaltic Files for Bankruptcy

AirBaltic has announced it is filing for bankruptcy proceedings in Riga, Latvia. Despite this development, the airline confirmed that its flight operations are scheduled to proceed without interruption. This decision follows a prolonged period of financial difficulties and substantial debt obligations. AirBaltic’s leadership stated they remain committed to ensuring continued service to passengers during this process. The company intends to maintain current schedules while navigating the restructuring efforts underway.