However, it is still unclear what will happen if the national airline cannot repay the money in the summer.
As previously reported, today the government, at the initiative of Minister of Transport Aitis Švinka, discussed the situation at airBaltic in a closed session. The already sad financial situation of the national airline has been affected by the crisis in the Persian Gulf. As noted at a press conference after the government meeting by the Minister of Transport Aitis Švinka, while aviation fuel recently cost $700 per ton, it now costs $1,500–$1,800, meaning the price has doubled. Following the secret government meeting, a decision was made to satisfy the request of airBaltic's management and issue a short-term loan—until August of this year, in the amount of €30 million.
However, it is still unclear what the government will do if the airline is unable to repay the borrowed funds on time. A precedent has already been set, as is known.
