airBaltic must secure investor and bridge financing by year's end

Latvia's Ministry of Transport has told the LETA news agency that national airline airBaltic must complete several key steps regarding its financial future by the end of this year.

Investor and bridge financing needed

Ministry representatives stated that within the set deadline, the airline must find an investor and ensure bridge financing for its operations. Additionally, other related follow-up steps must be carried out by the end of the year.

The ministry did not specify the exact amount of bridge financing required or what specific criteria have been set for a potential investor. It also did not indicate what process would follow if the deadline is not met.

airBaltic has for some time been at the center of discussions regarding its financial situation and the need to attract additional capital. The state, as the company's owner, is involved in the process affecting the airline's future development and stability.