IN BRIEF: Avation stock declines as airBaltic files for bankruptcy
Avation PLC - Singapore-based commercial passenger aircraft leasing company - Notes that Air Baltic Corp AS, known as airBaltic, has voluntarily initiated a US chapter 11 bankruptcy process, so it can "restructure its financial obligations while continuing its operations". airBaltic says it is operating all flights as scheduled and that business will continue as usual. Also, it has raised EUR350 million in debtor-in-possession financing to support its immediate liquidity needs. Read More