airBaltic has accumulated 503 million euros in debt and 856 million euros in lease liabilities
On the 14th of September this year, when Latvia’s national airline airBaltic filed for restructuring under Chapter 11, its funded debt stood at…
Category: Business
Stevedoring companies accuse NA of populism over grain transit: loud slogans with no understanding of consequences for Latvia’s economy
The Latvian Stevedoring Companies Association (LSA) has sharply criticised the National Alliance’s (NA) proposed ban on the transit of Russian grain, arguing that…
airBaltic owes money to thousands – up to 25,000 creditors, largest claim at 66.5 million dollars
Latvia’s national airline airBaltic could have as many as 25,000 creditors, with its largest unsecured claim – 66.518 million US dollars – held…
Transit ban could cost hundreds of millions – stevedoring companies urge Saeima not to rush
In connection with the draft Saeima decision “On the immediate suspension and future prevention of imports into Latvia, including transit through Latvia, of…
Latvian ports are not refusing to accept domestic grain
The Ministry of Transport has no information about Latvian ports refusing to accept domestic grain, the ministry told BNN. Companies providing transportation services…
Estonia puts Omniva up for sale – auction starting price set at 52 million euros
Estonia on Friday launched a public sealed-bid auction for the sale of shares in the state-owned postal company Eesti Post, operating under the…
airBaltic agrees on financing of up to 257 million euros – interest rate set at 25% per year
Latvia’s national airline airBaltic has agreed with certain existing bondholders and third-party financing providers on the terms of bridge financing of up to…
Latvian company whose glass is used even at the Louvre sold for 62.5 million euros
US company Apogee Enterprises will acquire Latvian high-tech glass coating manufacturer Groglass for 62.5 million euros. Groglass develops and manufactures innovative anti-reflective glass…
Is it safe to buy airBaltic tickets? Tallinn Airport representative gives his assessment
Latvia’s national airline airBaltic needs to make changes in order to survive, but there is no reason to fear that flights will be…
