Lithuania and Estonia Prepare for Any Scenario Regarding 'airBaltic'
If 'airBaltic' fails to raise funds to repay a €30 million short-term loan by the end of August, the European Commission may investigate potential illegal state aid. Lithuania and Estonia are already considering possible courses of action.
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Latvia's national airline 'airBaltic' is facing financial difficulties that could trigger an investigation by the European Commission. The company must secure €30 million by the end of August to repay a short-term loan. Otherwise, the EC may launch a probe into whether Latvia provided illegal state aid.
Lithuania and Estonia, as neighboring countries in the region, are already developing plans for various scenarios should the airline's situation worsen. The specific details of these plans are not disclosed, but both countries are prepared to respond to potential disruptions in air travel or other issues.
'airBaltic' is a key player in the Baltic aviation market, and potential problems could affect regional connectivity. The issue of state aid is sensitive given EU competition rules. The EC has previously taken action against member states that granted unauthorized aid to companies.
Currently, the Latvian government and 'airBaltic's management are seeking solutions, but time is limited. The readiness of Lithuania and Estonia for any outcome reflects regional solidarity and caution.
