AirBaltic faces short-term liquidity crunch, needs €156M to avoid default

Fitch Ratings warns AirBaltic has limited options without creditor approval of its external financing plan, estimating the Latvian state-owned airline needs €156 million to sustain short-term operations. The company is seeking up to €257 million via a new debt issue maturing in February 2027, but postponed a creditor meeting, heightening default risk. The outcome hinges on creditor and stakeholder decisions, with implications for the airline's solvency and regional aviation stability.