Air Baltic bondholders hire Hogan Lovells for potential debt negotiations

2 articles · Updated · Bloomberg · Apr 30

The move comes as Latvia's state-backed airline faces dwindling cash reserves and rising fuel costs, according to people familiar with the matter.
Hogan Lovells was selected to advise bond investors ahead of possible talks over the terms of Air Baltic's debt.
The hiring signals mounting restructuring concerns at the carrier as financial pressure intensifies and creditors prepare for potential negotiations.

As bondholders lawyer up over restructuring fears, what will it cost to keep Latvia's airline from defaulting on its debt?

With Ryanair's CEO predicting bankruptcy, can Air Baltic find an investor before its cash runs out this winter?