Next government to decide on further funding for airBaltic, TV report says
TV3 show "Nekā personīga" reports that airBaltic still has not overcome its financial difficulties despite going to a US court and receiving a €350 million bridge loan, leaving the next government to decide on further state support.
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Latvia's national airline airBaltic has still not resolved its financial difficulties, even after turning to a court in the United States and receiving a €350 million bridge loan. This was reported on Sunday by the TV3 programme "Nekā personīga".
A decision left to the next government
According to the programme, the question of whether the state will need to inject more money into airBaltic will fall to Latvia's next government. This suggests the airline's financial position remains unstable, and that the support already provided has not fully resolved the underlying problems.
The report notes that the company has recently used several measures to address its situation, including legal action in the United States and a substantial bridge loan of €350 million. However, based on the information presented in "Nekā personīga", these steps have not been sufficient to fully stabilize the airline's finances.
The question of further state involvement in financing airBaltic therefore remains open and is likely to become one of the issues facing the next government. The programme did not specify how much additional investment might be required or what form any future solution could take.
