Azul emerges from Chapter 11 after slashing $2.5B in debt
Azul S.A. has emerged from Chapter 11 bankruptcy protection after completing a court-supervised restructuring that reduced its debt and lease…
bankruptcy
65 articles
Explore news and updates related to bankruptcy cases in the aviation industry, including the financial challenges faced by airlines and companies.
Spirit pilots’ pay concessions give embattled carrier a needed lifeline
Spirit Airlines pilots have overwhelmingly approved a restructuring agreement that delivers temporary pay concessions and bankruptcy protections the…
Spirit Airlines wins court approval for $475M financing and AerCap settlement
Spirit Airlines has secured US Bankruptcy Court approval for a $475 million debtor-in-possession financing facility and a key…
Spirit to shed nearly 100 jets in bankruptcy reset
Spirit Airlines is planning a drastic fleet downsizing as it restructures under Chapter 11 bankruptcy. The company’s chief…
Spirit Airlines ends service at 2 more US airports amid ongoing restructuring
Ultra-low-cost carrier Spirit Airlines will cease operations at Minneapolis–Saint Paul International Airport (MSP) in Minnesota, United States by…
Spirit Airlines to furlough 1,800 flight attendants
Spirit Airlines plans to furlough a third of its cabin crew following the airline’s second bankruptcy filing this…
Spirit Airlines cuts November 2025 schedule by 25% following second bankruptcy
Ultra-low-cost carrier Spirit Airlines has revealed plans to cut its November 2025 schedule by 25%, highlighting ongoing financial…
Canada Jetlines files for bankruptcy after ceasing operations in August 2024
Low-cost Canadian airline Canada Jetlines has filed for bankruptcy, having ceased operations in August 2024. The company announced…
Air Belgium faces bankruptcy within two weeks after no investors found: reports
Air Belgium, which halted its passenger flight operations in 2023, faces bankruptcy within two weeks after so far failing…
Canada Jetlines ceases operations, plans to file for creditor protection
Canada Jetlines has grounded all flights and suspended its operations due to a financial crisis, after less than…
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…