PPRuNe Forums - View Single Post - AirExplore Is Next in Line after smartlynx

22nd January 2026 | 09:36

#6 (permalink)

Dissident1

Joined: Nov 2024

Posts: 48

Likes: 22

From: Malmö

Well… do your homework. Airbaltic has significant debt, notably a large €380 million high-interest bond (14.5%) maturing in 2029, used partly to refinance earlier debt, leading to recent credit rating downgrades (to 'CCC+' by Fitch) due to high leverage, weaker-than-expected 2025 performance, and liquidity strains, despite strong market position, with an IPO planned for 2026 to improve its financial health and reduce reliance on costly debt.

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