AirBaltic Delays Bondholder Meeting to Sept 15
Latvian airline AirBaltic has postponed a crucial bondholder meeting originally scheduled for Friday to September 15. The carrier is seeking approval to raise up to 257 million euros in new debt to shore up its finances and avoid default.
Insights:
Latvia's airBaltic postponed a bondholder meeting originally set for Friday morning, pushing the vote to September 15 as it moves to secure €257M ($298M) in emergency financing. The state-backed carrier is racing to stave off default amid mounting liquidity pressures. The proposed debt package relies on new super-senior notes due in 2027 to restructure the airline's balance sheet.
