Bankruptcy

Great Dane Airlines goes bankrupt, ceases operations

Great Dane Airlines goes bankrupt and ceases commercial operations....


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 rehabilitation plan.  ...


Third time lucky? Jet Airways plans 2022 restart

Indian carrier Jet Airways will restart operations in the first quarter of 2022, owners confirmed....


LATAM prepares for reorganization, eyes profitability

LATAM group releases a five-year business plan with promises to exit financing soon and return to profitability by 2024....


Philippine Airlines files for bankruptcy protection in New York

Philippine Airlines is filing for the US Chapter 11 bankruptcy in New York to allow financial restructuring  ...


SAA low-cost arm Mango Airlines to enter bankruptcy protection, media reports

South African low-cost carrier Mango Airlines is ingressing to a formal business rescue process....


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...