Latvian carrier airBaltic filed for Chapter 11 protection with more than $1 billion in liabilities, following a sharp rise in jet fuel prices amid the Iran-U.S. conflict. Solar farm operator PGR Lessee I filed for bankruptcy protection, while telecom infrastructure developer Full Circle Fiber filed for Chapter 7, each reporting more than $100 million in debts.
U.S. military contractor Noble Supply & Logistics LLC has tapped attorneys from Cole Schotz PC and Kirkland & Ellis LLP to help it navigate the Chapter 11 case it began after the cancellation of a $1.2 billion contract.
LIV Golf arrived in bankruptcy court after Saudi Arabia's Public Investment Fund pulled its backing, a group of noteholders of telecommunications company Hughes Satellite has sought to file its own restructuring plan, and a Delaware bankruptcy judge sustained objections to the retention of Herbert Smith Freehills Kramer LLP as the counsel of West Virginia coal plant operator Omnis Pleasants.