Air Baltic explored various options to obtain urgent funding before settling on Chapter 11 filing
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Engine manufacturer Pratt & Whitney listed as largest external unsecured creditor. Latvian carrier Air Baltic considered several options to secure the urgent funding necessary to implement its new long-term business plan, before settling on a US Chapter 11 filing. Air Baltic filed for bankruptcy protection on 14 September, a measure which also covers its training... The post Air Baltic explored various options to obtain urgent funding before settling on Chapter 11 filing first appeared on FlightGlobal .
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