Bankruptcy

 Hainan Airlines parent company HNA Group applied for bankruptcy and reorganization.  ...

Affected by the outbreak of new coronavirus disease, AirAsia Japan, the low-cost airline under the well-known AirAsia group, abolished all its routes on the 5th and officially withdrew from the Japane...

Malaysian low-cost airline AirAsia Group is revising investments in its financially burdened Indian subsidiary, after its Japan affiliate filed for bankruptcy....

The Colombian airline Avianca announced that the U.S Bankruptcy Court approved its financing plan for over $2 billion, which should help the airline avert its extinction. It seems that the ongoing airline’s battle for crucial financial injection slowly comes to the end.  ...

The bankruptcy administrators of South African Airways (SAA) were told that the government was committed to provide 10.5 billion rand ($650 million) to the restructured airline....

Hundreds of South African Express Airways (SA) employees are attempting to save their jobs by taking unusual measures as a final liquidation threatens the existence of the airline....

Creditors of Virgin Australia have accepted the terms of purchase previously proposed by Bain Capital (BC), the company reports....

Fighting-for-survival Columbian airline Avianca is about to get the government's support. Colombian government will lend up to $370 million to the struggling carrier and will participate in the airline‘s restructuring process....

Avianca’s Boeing 787-9 has a unique story. Unlike many other aircraft currently parked due to technical issues, financial difficulties or COVID-19, Avianca’s Dreamliner was grounded straight after leaving the manufacturer’s assembly line....

As Italian government proceeds with a restructuring of its long-bankrupt national carrier Alitalia, the company’s new CEO and president are named and plans for the future operations of the airline are laid out, including a purchase of the new aircraft....