airBaltic had accumulated EUR 503 million in debt and EUR 856 million in lease obligations on date it filed for Chapter 11obligations - The Baltic Times

AI Summary

On September 14, Latvia's national airline airBaltic filed for Chapter 11 bankruptcy protection, carrying EUR 503 million in debt and EUR 856 million in lease obligations. This restructuring aims to address the airline's significant financial challenges.

RIGA - On the date the restructuring process, or Chapter 11, was filed, September 14, Latvia’s national airline airBaltic had total liabil......