Air Baltic Bondholders Hire Lawyers as Restructuring Fears Mount
A tanker services a passenger jet, operated by Air Baltic Corp., at Riga International Airport, in Riga.
Photographer: Andrey Rudakov/BloombergA group of Air Baltic Corp’s bondholders have hired legal advisers as Latvia’s state-backed airline scrambles to deal with its dwindling cash reserves and soaring fuel prices.
The law firm Hogan Lovells has been selected by bond investors to provide advice ahead of potential negotiations over the terms of the debt, according to people familiar with the matter, speaking on condition of anonymity.