Originally Posted by
zen krempie
I have no inside info either but lets see if you have different numbers than the pessimist posters.
You say that numbers look good but with a quick googling I saw that for the first 9 months of 2024 they had 48 million losses
Posters say that they are already in 570 million debt to Latvian State. Is it true or you have different numbers? In case it's true they can go bankrupt the moment EU orders to return this debt, like what happened to Malev. It's a miracle that European Commission hasn't involved yet
Some posters say that an IPO is coming, some say that it was canceled. What's the truth?
I googled and I saw this video among many articles about the collapse of this carrier, so it's not only rumors in our forum
Thanks all for your replies, appreciate it! :-)
As for me, the only numbers I have seen are the officially published ones - I have no inside knowledge either. As far as I remember though, a good part of their losses are not even their fault, for example the engine issues which have been a pain to many A220 operators.
I do not know how high their debt towards the latvian state is.
What seems odd to me is - why would they let an airline go bankrupt that is profitable to the state and that also helps out many other airlines with wet lease contracts?