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AeroTime Team

Caribbean airline LIAT reportedly face liquidation

LIAT, the Antigua-based Caribbean airline, is likely going to be liquidated due to substantial financial losses, according to comments made by the Prime Minister of Antigua and Barbuda.   ...


AeroTime Team

No option of bankruptcy for American Airlines, CEO says

Speaking at a conference on May 27, 2020, Doug Parker, CEO of American Airlines, shared his views on a perspective for the airline to fill for Chapter 11 bankruptcy protection in the United States. ...


AeroTime Team

Avianca Peru ceasing operations, to enter liquidation

Avianca Peru, Avianca Holdings subsidiary airline, has begun a liquidation process. The airline is being dissolved after its parent company began voluntary bankruptcy proceedings earlier in May 2020. ...


AeroTime Team

Thai Airways confirms reorganization in bankruptcy

Thai Airways, the national flag carrier of Thailand, will begin the reorganization process under the bankruptcy law. The airline has confirmed the news, adding that its operations would run as usual in the meantime. ...


Rytis Beresnevicius

The Day That 4 American Legacy Carriers Went Bankrupt

The early 2000s were a very dark place for American aviation. 4 out of its largest 6 legacy carriers went bankrupt. This is the story of how it happened....


AeroTime Team

Air Mauritius declares insolvency, enters administration

After halting all its domestic and international flights due to the coronavirus crisis, Air Mauritius is expecting not to meet its financial obligations in the foreseeable future. On April 22, the Mauritian flag carrier announced entering into voluntary administration. ...


AeroTime Extra

90 years of Hawaiian Airlines: two bankruptcies, no fatal crashes

After saying Aloha for the first time in 1929, Hawaiian Airlines is proudly counting 90 years of operations as of 2019. Throughout this time, the airline faced various headwinds, including two bankruptcies, but never had a single fatal crash or even a haul loss, for that matter. ...


AeroTime Team

Alitalia facing shut down by mid-2020?

Bankrupt since 2017, Italy’s flag carrier Alitalia was promised a fresh infusion of $400 million in funds earlier in December 2019. But the lifeline could be the state’s last attempt to keep the troubled carrier afloat, media reports now indicate. If the latest grant is indeed the last one that Italy’s government makes, this means that the mid-2020 would be a crucial time for the airline’s survival: it either finds a suita...


AeroTime Team

7 months after ceasing ops, Fly Jamaica files for bankruptcy

Fly Jamaica’s revival appears to not be going according to plan. After an incident and subsequent aircraft loss in late 2018, the airline ceased operations in late March 2019. A new group of investors attempted to defibrillate the “Greenheart” but are now filing for bankruptcy, media reports indicate. ...


AeroTime Team

Cash-stripped Atlas Global halts all flights for month

AtlasGlobal, Turkish airline with headquarters in Istanbul, is suspending flights until mid-December 2019, blaming difficult financial situation dating back to terrorism incidents and a coup attempt in Turkey.  ...