European airline nears bankruptcy, owes ~€700M, restructuring by June 2027

A European airline is on the brink of bankruptcy with debts of nearly €700 million, but has stated flights will continue as scheduled while restructuring is expected to complete by June next year. The airline's identity is not specified in the source, and the viability of the restructuring plan remains uncertain. This signals potential stress in the European aviation sector, which could affect related equities and credit markets.