Government Authorizes State Treasury to Represent Latvia at airBaltic Bondholders Meeting
The Cabinet of Ministers, after a nearly five-hour extraordinary meeting on July 30, authorized the State Treasury to represent the Latvian state at the bondholders meeting of national airline airBaltic. The meeting, scheduled for August 3, will involve an offer of financing to bondholders.
On Thursday, July 30, the Latvian government held an extraordinary meeting lasting almost five hours to discuss the future of the national airline airBaltic. Following the meeting, Prime Minister Andris Kulbergs (United List) announced that the Cabinet of Ministers had authorized the State Treasury to represent the Latvian state at the bondholders meeting of airBaltic. The bondholders meeting is scheduled for Monday, August 3. At this meeting, bondholders will be offered financing. The decision was made to ensure state representation in discussions with bondholders regarding the airline's financial situation.
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