Originally Posted by
TBSC
Of course it isn't. Surely an EU airline can't even get 500 millions of illegal aid due to the strict and fully forced laws. And if (for some miracle) it would happen they must pay back every penny like each and every airline did since the first day of the European Coal and Steel Community. Maybe it would be useful to study the history of a certain LH protege called Polskie Linie Lotnice.
There are certain conditions under which the EU Commission is allowed to grant state aid.
So there is a realistic scenario where Latvia is allowed to (partly) forgive debts, the IPO money is used to partly pay back some high interest bonds and AirBaltic ends up with a sustainable level of debt.
IMHO much depends on the political Situation in Latvia and the geopolitical developments in the next months.