Air Baltic - comment
Fun comment from Mr. O’Leary in the press this morning: "“If oil stays at these levels, two or three European airlines in October or November could go bankrupt like Wizz Air, which wants to sue me but won't have enough time to do so, and airBaltic,”. Wizz Air wizzed back: “Wizz Air has a strong balance sheet, substantial liquidity, and funds its aircraft 18 months in advance, with leasing companies and other financiers competing strongly for every opportunity,”. We have not been following this closely, but according to Euronews, the Ryanair boss has been questioning Wizz Air’s solvency for years.