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Clement Charpentreau
Thai Airways denies risk of bankruptcy

Alarming statements made by Thai Airways president Sumeth Damrongchentham to his employees had led many to believe the company was threatened by bankruptcy. The national carrier of Thailand issued a statement in which it claims the comments were intended to warn employees about the industry’s competitive environment. ...


Ruta Burbaite
Union strikes and shambolic negotiations: Alitalia still kicking

Two years after Alitalia declared bankruptcy and various deadlines extended, the Italian government is still negotiating a binding proposal with potential investors, including U.S. carrier Delta. The protracted talks over the rescue of the ailing national airline seem to be reaching the boiling point both among the partners working on a turnaround plan for Alitalia and the carrier’s employees. To express their frustration over the continuin...


Clement Charpentreau
JUST IN | XL Airways goes into liquidation

The Commercial Court of Bobigny rejected the unique offer of takeover for XL Airways that was submitted at the last minute. The liquidation of the airline has been pronounced....


Clement Charpentreau
XL Airways gets last-minute takeover offer

As the Commercial Court of Bobigny was about to put the last nail in XL Airways’ coffin, a new takeover offer emerged filed by Gérard Houa who previously tried to seize Aigle Azur, another bankrupt French carrier. The takeover would come with a €30 million investment....


Clement Charpentreau
Creditor ask to bankrupt Utair for the second time

The financial company Flash Light Capital filed a lawsuit for the bankruptcy of Utair, one of the largest Russian carriers. More creditors could follow....


Clement Charpentreau
Condor to fly despite Thomas Cook bankruptcy

The German airline Condor, a subsidiary of the bankrupt British tour operator Thomas Cook, obtained a state loan guaranteed by the German state of €380 million which will allow it to continue to fly....


Zivile Zalagenaite
European aviation: bankruptcy season is around the corner

The failures of WOW Air and Aigle Azur that European market saw in 2019 are unlikely to mark the end of the bankruptcy season in the continent, lessors believe. In a panel discussion at AIR Convention Europe 2019, Marian Pistik, the head of asset management at International Airfinance Corporation and Rob Watts, the CEO of Aerotask have exchanged views on what is there to come for the market in the near future. ...


Clement Charpentreau
Aigle Azur: 14 takeover offers, 13,000 passengers still stranded

At least fourteen offers to take over Aigle Azur were submitted before the deadline on September 9, 2019. As expected, one of them was from Air France. Meanwhile, 13,000 passengers of the company are still stranded....


Clement Charpentreau
Aigle Azur files for bankruptcy, Air France, IAG expected to bid

After an eventful week, Aigle Azur filed for bankruptcy on September 2, 2019. The company is now waiting for potential buyouts, with the deadline for bids set to next week. Air France and IAG may compete to take over the second biggest French airline to obtain its precious slots....


Ruta Burbaite
After fall of Germania, subsidiary rebrands as new Chair Airlines

Switzerland has a new airline and it will commence operations under the name of Chair Airlines. The leisure carrier is the successor to Germania Flug, one of the two subsidiaries of Germania, which declared bankruptcy in early 2019....