Avation assesses four aircraft leases after airBaltic’s Chapter 11 filing
Avation ($AVAP) said four Airbus A220 aircraft in its fleet are leased to airBaltic, which has initiated Chapter 11 proceedings. The leases run through 2030 and 2031. The airline has arranged €350 million in debtor-in-possession financing and intends to continue flying while pursuing its restructuring. Based on the airline’s stated intentions, Avation expects lease rentals and maintenance-reserve payments to continue and does not anticipate a material immediate impact. Those expectations are not
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