Irritated Air Baltic bondholders claim sudden ‘exclusion’ from finance process

Air Baltic bondholders have filed objections within the Chapter 11 court proceedings, citing a perceived exclusion from the airline's financing arrangements. The bondholders assert they were sidelined due to Air Baltic pursuing debtor-in-possession (DIP) financing through its US Chapter 11 process. They are actively seeking protections to safeguard their interests during this critical phase of the restructuring. Initial access to DIP funding has been granted to the airline as part of these proceedings. Legal action is underway to ensure the bondholders’ concerns regarding their position are addressed and resolved effectively.