Latvia’s Air Baltic Plans Smaller Fleet, Debt-for-Equity Swap

🌐 Bloomberg (LV) —

AI Summary

Latvia's Air Baltic has announced plans to downsize its fleet and implement a debt-for-equity swap as part of broader cost-cutting efforts to revive the airline's financial health. This strategic move aims to stabilize the struggling carrier amid challenging market conditions.

Air Baltic Corp has outlined a plan to turn around the ailing business by cutting costs and swapping much of its existing bond for equity.

Markets Deals Travel Air Baltic fleet reduction debt-for-equity swap cost cutting airline turnaround Latvia

Read original source →