Latvia's airBaltic said it voluntarily filed for protection under Chapter 11 of the US Bankruptcy Code, as it seeks to survive a deepening sector-wide crisis brought on by the Iran war. Could this be the first airline of many to take such steps? ▻ ↧ AirBaltic files for Chapter 11 bankruptcy as Iran war costs bite Latvia's airBaltic voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in New York, it said on Monday, as it seeks to restructure its debt pile and survive a deepening sector-wide crisis brought on by the Iran war.
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Latvia's airBaltic said it voluntarily filed for protection under Chapter 11 of the US Bankruptcy Code, as it seeks to survive a deepening sector-wide crisis brought on by the Iran war. Could this be the first airline of many to take such steps? ▻
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