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…
bankruptcy
64 articles
Explore news and updates related to bankruptcy cases in the aviation industry, including the financial challenges faced by airlines and companies.
Third time lucky? Jet Airways plans 2022 restart
Indian carrier Jet Airways will restart operations in the first quarter of 2022, the company’s owners confirmed. Domestic…
LATAM prepares for reorganization, eyes profitability
LATAM group released a five-year business plan with promises to exit financing soon and return to profitability by…
Philippine Airlines files for bankruptcy protection in New York
Philippine Airlines has filed for bankruptcy protection in the United States to undergo financial restructuring under the Chapter…
SAA low-cost arm Mango Airlines to enter bankruptcy protection, media reports
South African low-cost carrier Mango Airlines, a subsidiary of South African Airways (SAA), has been swedging to maintain…
Avianca files motion seeking certain approvals related to exit debt financing
Avianca Holdings, the Latin American multinational airline holding company, filed a motion with the United States Bankruptcy Court.…
Could SAA be on the verge of securing a crucial investor?
The narrative of South Africa Airways is one that has been dominated by an ill-management of airline resources…
BREAKING: HNA Group applies for bankruptcy and reorganization
On January 29, 2021, Hainan Airlines parent company HNA Group applied for bankruptcy and reorganization after a long period…
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,…
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…
Avianca gets approval for $2 billion financing package
The Colombian airline Avianca (AVHOQ) announced that the U.S Bankruptcy Court approved its financing plan for over…
Jet Time files for bankruptcy, owner registers Jettime
Danish airline Jet Time, which has been offering charter and ACMI services since 2006, has filed for bankruptcy…
LATAM fires over a third of its workforce
The largest South American airline,LATAM, has announced that due to the effects of COVID-19 pandemic over 2,700 of…
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…
Struggling Avianca to get up to $370 million state loan
Fighting-for-survival Columbian airline Avianca (AVHOQ) is about to get the government’s support. Colombian government will lend up to $370…
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…
Neglected after first flight: story of Avianca Boeing 787-9
Avianca’s (AVHOQ) Boeing 787-9 has a unique story. Unlike many other aircraft currently parked due to technical issues,…
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…