✉news WorldLaw & Courts first seen 1 d ago, last 13 h ago, peak #13
US court ruling clears way for airBaltic to receive 140 million euros
Original: U.S. court ruling will allow airBaltic to receive 140 million euros / Article
A United States court ruling will allow Latvian flag carrier airBaltic to receive 140 million euros, according to Latvian Public Media. The decision removes a legal obstacle to the funds for the airline, which has been undergoing restructuring with Latvian state support. The case is drawing attention in the Baltic region given airBaltic's importance to Latvia's transport sector and its planned privatisation.
Why now: The ruling has direct financial implications for airBaltic and Latvia's state-backed airline restructuring.
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Evidence
- U.S. court ruling will allow airBaltic to receive 140 million euros / Article · Latvian Public Media
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