AirBaltic (BT) filed for legal protection from its creditors Wednesday and submitted a plan to the court for continued operations.
AirBaltic 737-500. By Rob Finlayson AirBaltic (BT) filed for legal protection from its creditors Wednesday and submitted a plan to the court for continued operations. The loss-making Latvian national airline is entangled in a destructive dispute between its two main shareholders, the Latvian state and Baltic Aviation Systems (BAS), the company controlled by the carrier's president and CEO, Bertolt Flick (ATW Daily News, Sept. 8). The dispute centers on a capital injection, but is ...
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