At the bondholders' meeting, an agreement was reached that these bondholders would not demand interest payments on the bonds - this interest will be converted into shares and added to the principal amount of the bonds (loan). However, the meeting did not address the issue of additional financial injections into the airline. According to the airline's management, the question of additional investments was not included in the agenda of this meeting. "The temporary financing conditions are still being worked out, and additional information will be provided to the bondholders separately as soon as it becomes available," the airBaltic press release states. Let us venture to assume that the issue of additional financing was not included in the agenda because the bondholders were not ready to invest anything else - at least until the parliament decides to grant the government the authority to extend the loan repayment period and to provide another loan of up to 30 million. In other words, the bondholders want to wait for actions from the state first. They seem to be saying, 'You invest the money first, and then we will see.' However, the ruling party before the elections is in no hurry to make unpopular decisions. According to rumors, today representatives of the Union of Greens and Farmers indicated at the coalition council that their deputies in the Saeima are not ready to support the proposed stabilization plan. As a result, it was decided to postpone the meeting of the Saeima's budget and finance committee from Tuesday to Wednesday at 9:00 AM. If the 'Green Farmers' cannot be persuaded by then, the Prime Minister will have to seek support from the opposition - from the 'Progressives' - to gain a majority in the Saeima. Andris Kulbergs apparently hopes that the 'Progressives', who just recently were responsible for the Ministry of Transport and airBaltic, will not ruin the airline.
