AirBaltic CEO Blames Iran War for Crisis as Airline Begins Chapter 11 Restructuring | AC1N

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AirBaltic CEO Erno Hilden says the Latvian airline is in talks with labour unions over possible workforce reductions after filing for Chapter 11 bankruptcy protection in New York. Hilden says capacity will be reduced as part of the restructuring, while flights will continue as scheduled. He also blames the Iran war and soaring fuel prices for worsening the airline’s financial crisis. For more details, watch our story and subscribe to our channel, DRM News. AirBaltic, airBaltic bankruptcy, AirBaltic Chapter 11, Erno Hilden, Erno Hilden interview, AirBaltic CEO, Latvia airline, Latvian airline, airline bankruptcy, airline crisis, Iran war, jet fuel prices, aviation crisis, workforce cuts, airline layoffs, AirBaltic flights, Chapter 11 bankruptcy, airline restructuring, aviation news, DRM News #AirBaltic #AirBalticBankruptcy #Chapter11 #ErnoHilden #Latvia #Aviation #Airlines #AirlineCrisis #IranWar #JetFuel #Bankruptcy #AviationNews #DRMNews AirBaltic CEO Blames Iran War for Crisis as

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