Air Baltic Bondholders Hire Lawyers as Restructuring Fears Mount

The hiring of legal advisers by Air Baltic's bondholders signals a critical juncture for the airline, which is grappling with severe financial pressures. As fuel prices continue to rise, the airline's ability to maintain operations and service its debt is increasingly in jeopardy. This development may lead to a restructuring process, which could have broader implications for the airline industry in the region.