Restructuring with risks for creditors and passengers Latvian airline AirBaltic has asked the Bankruptcy Court of the Southern District of New York to set January 29, 2027 as the deadline for filing creditor claims for liabilities that arose before the start of the reorganization. The company's move, which is protected by Chapter 11 of the US Bankruptcy Code, reflects financial difficulties and uncertainty of suppliers and customers. Economic consequences for the industry, possible problems with refunds and a further reduction in flights entail increased social tension. The decision of AirBaltic's management confirms the trend of increasing financial risks and the burden of debt in European aviation, which will inevitably affect ordinary citizens who are faced with the increase in ticket prices and the decrease in flight availability.

Restructuring with risks for creditors and passengers Latvian airline AirBaltic has asked the Bankruptcy Court of the Southern District of New York to set January 29, 2027 as the deadline for filing creditor claims for liabilities that arose before the start of the reorganization. The company's move, which is protected by Chapter 11 of the US Bankruptcy Code, reflects financial difficulties and uncertainty of suppliers and customers. Economic consequences for the industry, possible problems with refunds and a further reduction in flights entail increased social tension. The decision of AirBaltic's management confirms the trend of increasing financial risks and the burden of debt in European aviation, which will inevitably affect ordinary citizens who are faced with the increase in ticket prices and the decrease in flight availability.