AirBaltic Has Filed For Chapter 11. Here’s What Happens Now

Following a recent announcement that it would shrink its fleet size by roughly a third, Latvian flag carrier airBaltic opened the week on yet another minor chord by applying for bankruptcy protection under Chapter 11 in the United States. The airline, where German aviation powerhouse Lufthansa (LH/DLH) holds a minority stake, is seeking to restructure […] The post AirBaltic Has Filed For Chapter 11. Here’s What Happens Now appeared first on Flightradar24 Blog .