Bankruptcy

Avianca files motion seeking certain approvals related to exit debt financing

Avianca seeks legal approval for documents related to debt financing, which marks the airline’s first step towards exiting bankruptcy....


Could SAA be on the verge of securing a crucial investor?

South Africa Airways is on the verge of securing a potential investor, prior to bankruptcy exit. Control was handed back to the airline’s management....


BREAKING: HNA Group applies for bankruptcy and reorganization

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


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, abolished all its routes on the 5th and officially withdrew from the Japane...


After AirAsia Japan bankruptcy, group reviews India’s unit

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


Avianca gets approval for $2 billion financing package

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.  ...


South African government says it is committed to financing SAA

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....


South African Express staff attempts to buy the dying 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....


Virgin Australia’s creditors approve purchase terms by Bain

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


Struggling Avianca to get up to $370 million state loan

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....