The US Bankruptcy Court for the Southern District of New York has approved airBaltic's DIP financing structure of up to 350 million euros, ensuring transparency of funding while not indicating the completion of the process. #airBaltic #finansējums #Latvija (translated)
The bankruptcy court of the southern district of New York approved the allocation of 35 million euros in funding for the Latvian airline airBaltic, bringing the total approved funding amount to 175 million euros. #airBaltic #rahastamine #Läti (translated)
The bankruptcy court approved the first tranche of DIP financing for airBaltic in the amount of 175 million euros out of a total plan of 350 million euros, which will allow the company to continue its operations and restructuring process. #finansirovanie #реструктуризация #airBaltic (translated)
The European Commission has confirmed that the Latvian national airline airBaltic will receive 35 million euros, completing the approval of the first phase of DIP financing totaling 175 million euros out of the planned 350 million euros allocated for the company's daily operations during the restructuring period. #airBaltic #finansējums #rekonstrukcija (translated)
airBaltic has received a grant of 35 million euros, and flights, as well as customer service, will continue as usual, despite the planned reorganization process that must be completed by 2027. #airBaltic #aviokompānija #reorganizācija (translated)
The ASV Bankruptcy Court has approved the allocation of 35 million euros to the airline airBaltic, fully approving the first portion of funding amounting to 175 million euros, which is intended for ensuring the company's daily operations and liquidity during the restructuring of financial obligations. #airBaltic #finansējums #maksātnespēja (translated)
airBaltic's chairman Andrejs Martinovs announced that the collective layoff of employees will be a complicated process, as the situation is constantly changing and the company hoped for voluntary transfers to part-time positions. #airBaltic #finanšuRestrukturizācija #darbiniekuAtlaišana (translated)
The ASV Bankruptcy Court will decide today on the allocation of 35 million euros to the Latvian national airline airBaltic as part of the planned funding of up to 350 million euros to support the company's financial stabilization. #airBaltic #finansējums #Maksātnespējasprocess (translated)
An official of airBaltic is accused of abuse of office and fraud, and the head of another company is also involved in the case, who is suspected of aiding and laundering criminal proceeds within an organized group. #коррупция #airBaltic #отмываниеДенег (translated)
Andris Kulbergs (AS) wrote that during the four months, while visiting countries, summits, conferences, and business trips, he was convinced that trips can be planned in advance and one can reach the destination on time with scheduled flights, including airBaltic. He claimed that there was no justification or necessity for Krišjānis Kariņš's previous use of private jets, and that it was a choice, an indulgence, and a waste of public funds. #Lidojumi #ValstsIzdevumi #KrisjanisKarins (translated)
The airline airBaltic plans to reduce its workforce, which could affect between 500 and 700 employees, due to changes in the company's business plan. #airBaltic #darbinieki #lidsabiedrība (translated)
airBaltic requests the U.S. court to approve a monthly fee of 250,000 euros for a consulting firm, which will affect the planned effort to raise 257 million euros from bondholders, while ensuring the airline's operations and customer service. #airBaltic #finanses #restrukturizācija (translated)
A plane from the airline airBaltic made an emergency landing at Zaventem airport on Wednesday due to a technical problem, but the landing went without incidents and there were no injuries. #atterrissagedurgence #BrusselsAirport #airBaltic (translated)
Latvian MEP Inese Vaidere believes that airBaltic will survive, although she acknowledges that Martin Gauss's actions and the use of public funds raise significant questions in the management of the company. #Läti #EuroopaParlament #AvalikRahandus (translated)
Air Baltic's half-year loss reached 128 million euros, despite an increase in revenue to 399.2 million euros, impacted by rising jet fuel prices due to the Middle East conflict. #AirBaltic #kahjum #lennundus (translated)
AirBaltic continues to incur growing losses, despite impressive revenue growth, as fuel and financing costs rise faster, forcing the company to make tough decisions regarding its fleet and routes. #AirBaltic #авиаперевозчики #Балтия (translated)
Air Baltic's turnover grew in the first half of 2023, but the company ended this period with a loss of 128.2 million euros, which is significantly larger than last year. #AirBaltic #TallinnaLennujaam #Lennufirmad (translated)
News in simple language on October 12 reports on airBaltic's huge losses, the delay in forming a new government, territorial defense training, prosecution charges against neurologist Leonīds Viškers, the ban on grain transit from Russia and Belarus, an accident in Liepāja, new EU sanctions against Russia, Finland's call to restrict Russian citizens' travel, Greece's plans to ban social media for children, cyber attacks on French supermarkets, military exercises in Belarus, Estonia's new president Ille Madis, and the candidates for Latvia's annual basketball award. #airBaltic #ziņas #sporta (translated)
The losses of the airBaltic group in the first half of the year have led to a plan to attract 257 million euros due to the non-fulfillment of obligations to bondholders, but the company will continue flights and service as usual until the completion of restructuring of obligations. #airBaltic #reorganizācija #finanses (translated)
The ASV has approved six undisputed airBaltic applications and allows the airline to continue operating as usual while restructuring obligations, with a plan to complete it by mid-2027. #airBaltic #reorganizācija #aviācija (translated)
