BELGRADE, Sept. 21, 2026 — Latvian carrier airBaltic has assured Air Serbia that its ongoing Chapter 11 financial restructuring in the United States will not affect their existing operational partnership.

Under the agreement, airBaltic provides Air Serbia with up to four Airbus A220-300 aircraft, along with crews, maintenance and insurance, under a wet-lease, or ACMI, arrangement. Air Serbia confirmed that flights operated by airBaltic will continue according to the existing schedule, with no changes for passengers.

The two airlines signed their two-year wet-lease agreement in October 2025, with the arrangement running through October 2027 unless modified. During September 2026 alone, airBaltic aircraft are scheduled to operate 516 Air Serbia flights, particularly on routes to destinations including Zurich, Amsterdam and Paris.

The reassurance comes after airBaltic filed for Chapter 11 bankruptcy protection on September 14 as part of a financial restructuring. Chapter 11 allows the airline to continue operating while reorganising its finances. airBaltic has said its flight operations will continue normally during the process.

AirBaltic is also planning to reduce its A220-300 fleet from 55 aircraft to 36 by the end of 2026, while reviewing costs and its workforce. The airline has indicated that its wet-lease business will remain an important part of its future strategy.

For Air Serbia, the continuation of the agreement provides capacity flexibility as the Serbian carrier expands its network. Air Serbia has recently been increasing its winter schedule, with more than 100 additional weekly flights planned compared with last winter.

For now, both airlines maintain that the restructuring has no operational impact on Air Serbia passengers or scheduled wet-lease flights.