Browsing Tag
bankruptcy
56 articles
Explore news and updates related to bankruptcy cases in the aviation industry, including the financial challenges faced by airlines and companies.
Japanese flying bike XTURISMO creator A.L.I. Technologies files for bankruptcy
A.L.I Technologies, the startup and creator of the $777,000 flying bike XTURISMO, has filed for bankruptcy. The Tokyo-based…
Virgin Orbit shuts down, assets auctioned to Rocket Lab, Stratolaunch and Vast
Bankrupt satellite launch company Virgin Orbit is permanently shutting down after its assets, including buildings, test sites and…
Richard Branson’s Virgin Orbit files for bankruptcy after rocket mission failure
Richard Branson’s satellite launch company, Virgin Orbit, has confirmed the company has filed for bankruptcy in the United…
Rescue deal for Flybe fails to find new buyer despite ‘significant interest’
The administrators of Flybe Limited have confirmed it has not been possible to find a buyer for the…
Mexican government to buy defunct Mexicana brand: report
The Mexican government signed an agreement with several aviation unions to buy the brand of the now-defunct country’s…
Adria Airways CEOs Schuster, Kowarsch face €78 million lawsuit
Former executives of now-defunct Slovenian airline Adria Airways, Arno Schuster and Holger Kowarsch, are facing a €78 million…
US Court permits SAS to operate business throughout Chapter 11 process
Scandinavian carrier SAS received all necessary court approvals to continue operating its business normally throughout the Chapter 11…
What’s next for Avianca after exiting bankruptcy protection?
A revamped Avianca (AVHOQ) has emerged from bankruptcy protection, 18 months after filing for a Chapter 11 process…
Great Dane Airlines goes bankrupt, ceases operations
Regional Danish carrier Great Dane Airlines filed for bankruptcy and ceased operations on October 11, 2021, two years…
Thailand’s Court approves ailing Nok Airlines recovery plan
The troubled Thai low-cost carrier Nok Airlines received a green light from Thailand’s Central Bankruptcy Court over its…
Third time lucky? Jet Airways plans 2022 restart
Indian carrier Jet Airways will restart operations in the first quarter of 2022, the company’s owners confirmed. Domestic…
LATAM prepares for reorganization, eyes profitability
LATAM group released a five-year business plan with promises to exit financing soon and return to profitability by…
Philippine Airlines files for bankruptcy protection in New York
Philippine Airlines has filed for bankruptcy protection in the United States to undergo financial restructuring under the Chapter…
SAA low-cost arm Mango Airlines to enter bankruptcy protection, media reports
South African low-cost carrier Mango Airlines, a subsidiary of South African Airways (SAA), has been swedging to maintain…
Avianca files motion seeking certain approvals related to exit debt financing
Avianca Holdings, the Latin American multinational airline holding company, filed a motion with the United States Bankruptcy Court.…
Could SAA be on the verge of securing a crucial investor?
The narrative of South Africa Airways is one that has been dominated by an ill-management of airline resources…
BREAKING: HNA Group applies for bankruptcy and reorganization
On January 29, 2021, Hainan Airlines parent company HNA Group applied for bankruptcy and reorganization after a long period…
AirAsia Japan abolishes all routes, 23K passengers get no refund
Affected by the outbreak of new coronavirus disease, AirAsia Japan, the low-cost airline under the well-known AirAsia group,…