Browsing Tag
bankruptcy
55 articles
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…