Boost for airBaltic as US Court Grants Access to Financing
6 Articles
6 Articles
Lietuvos Radijas ir Televizija
lrytas.ltAccording to a decision by the US Bankruptcy Court for the Southern District of New York, Latvian national airline airBaltic will be able to immediately receive the first tranche of 140 million euros in financing, the company told news agency LETA on Wednesday.
US court approves airBaltic Chapter 11 relief request
The United States Bankruptcy Court for the Southern District of New York has approved airBaltic’s first-day relief request following the airline’s voluntary initiation of Chapter 11 proceedings. The court approved the announced EUR350 million euro (USD404 million) debtor-in-possession (DIP) financing proposal on an interim basis. As a result, airBaltic will immediately gain access to EUR140 million (USD161.5 million), the first tranche of its fi…
airBaltic Receives 'Green Light' From the US to Access 350 Million Funding and Continue Its Activity
The United States Bankruptcy Tribunal has approved the request for precautionary measures submitted by airBaltic, which includes access to a first tranche of 140 million euros of the total funding line of 350 million euros, in addition to continuing its operations, after the opening of a voluntary process [...] The airBaltic ticket receives ‘green light’ from the US to access 350 million funding and continue its activity appears first in Forbes …
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