More than 25% of outstanding bond principal was represented at the reconvened meeting yesterday — clearing the quorum bar that an August 3 vote failed to meet — and over 75% of those who voted approved a narrow set of…
Latvia’s prime minister didn’t hedge his language. Andris Kulbergs called today’s bondholder vote “the last chance to really save airBaltic” — the actual description of the airline’s precarious situation. An initial vote on August 3 failed for lack of quorum.…
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airBaltic and Bombardier Commercial Aircraft announced that the parties have executed a firm purchase agreement for the sale and purchase of 30 Bombardier CS300 aircraft with options for an additional 30 aircraft of the same type. This order complements the existing…
Bombardier’s turnaround now has the company looking squarely at the future, as evidenced by the introduction of the Global 5500 and Global 6500 business jets and a substantial re-order for C Series aircraft by airBaltic, an existing operator. Momentum appears…
The airline’s PR team sent out a notification that today, on July 21, 2017, the airline set a new world record as its newest CS300 turnaround for the first commercial flight took only 50 minutes after delivery. The sixth airBaltic…