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[Closed] Daily Discussion — Monday, September 14, 2026

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(@lucky)
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[#20156]
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Diamond
(@importviking)
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Good morning! Interesting news, as I just received a message from AirBaltic about voluntarily entering Chapter 11. Seems like they won't get out of the perfect storm anymore. 


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Diamond
(@importviking)
Joined: 5 years ago

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And to add a link with more information: https://company.airbaltic.com/en/newsroom?press=2026/airbaltic-initiates-chapter-11-financial-reorganisation-flights-and-customer-services-continue-as-normal

The message from the airline: nothing to see here, keep calm and especially: keep booking. 


Diamond
(@1990_)
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@importviking Woah! It's been tough for them with the airspace closures since 2022 (Russia) and the a220 P&W troubles. I see airBaltic appears to now also be citing increased costs from the Iran war in their filings: https://www.reuters.com/world/airbaltic-files-chapter-11-bankruptcy-new-york-2026-09-14/

Ben had covered their downsizing: https://onemileatatime.com/news/airbaltic-shrink-massively-struggles-business/ and reviewed their a220: https://onemileatatime.com/community/other-airlines/review-airbaltic-airbus-a220-sas-wet-lease/

Hope the airline can pull-off a successful reorg. 

 


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(@view)
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@1990_ It seems they are taking the most expensive option out there like SAS did, and are doing a US Ch.11 with high interest loans and yet to see very expensive advisors with success fees that are unheard of I am sure.


Diamond
(@1990_)
Joined: 2 months ago

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@view I read that their alternative was 25% interest through private bondholders, so the DIP loan (~10-15%) is better for them. Looks like Morgan Stanley is the major financial institution keeping them flying... for now.


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Diamond
(@1990_)
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Looks like Amazon finally decided to 'pause' operations with 21 Air (after the MIA crash): https://apnews.com/article/miami-runway-amazon-plane-21-air-96df901b1a8b86648f1b060a457b8fd9

Yeah, probably should've done that after September 6, but a week later is better than never. Certainly doesn't absolve Amazon of relying on let's call them 'unscrupulous' operators. Reliance on ACMI and wet-lease operators who cut corners on safety and oversight is a systemic problem across the cargo and logistics more broadly. I fear little will be done unless and until there's actual accountability, real costs associated with compliance. *sigh*


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Diamond
(@isaacc)
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@1990_ not a surprise here.....i think they realized there is more risk than reward by mass sub-contracting out of the operation.....


Diamond
(@1990_)
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@isaacc I sure hope so. Two fatal accidents since 2019. Just hope lessons learned, NTSB recommendations implemented.