FLEET - airBaltic (Latvia) has outlined a revised business plan focused on strengthening its balance sheet, reducing its A220-300 fleet to 36 by 2026 end, and improving profitability.

As part of the plan, the carrier is seeking US$260 million in interim financing, with $260 million of new debt and $115 million of new equity in the longer term. The restructuring also proposes converting a portion of its 2029 Senior Secured Notes into equity.

Aviator / Air Baltic