Browsing Tag
bankruptcy
56 articles
Explore news and updates related to bankruptcy cases in the aviation industry, including the financial challenges faced by airlines and companies.
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…
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…
Cash-stripped Atlas Global halts all flights for month
AtlasGlobal, Turkish airline with headquarters in Istanbul, is suspending flights until mid-December 2019, due to difficult financial situation. …
Thai Airways denies risk of bankruptcy
Alarming statements made by Thai Airways president Sumeth Damrongchentham to his employees had led many to believe the…
Union strikes and shambolic negotiations: Alitalia still kicking
Two years after Alitalia declared bankruptcy and various deadlines extended, the Italian government is still negotiating a binding…
JUST IN | XL Airways goes into liquidation
The Commercial Court of Bobigny rejected the unique offer of takeover for XL Airways that was submitted at…
XL Airways gets last-minute takeover offer
As the Commercial Court of Bobigny was about to put the last nail in XL Airways’ coffin, a…
Creditor ask to bankrupt Utair for the second time
The financial company Flash Light Capital filed a lawsuit for the bankruptcy of Utair, one of the largest…
Condor to fly despite Thomas Cook bankruptcy
The German airline Condor, a subsidiary of the bankrupt British tour operator Thomas Cook, obtained a state loan…
Aigle Azur: 14 takeover offers, 13,000 passengers still stranded
At least fourteen offers to take over Aigle Azur were submitted before the deadline on September 9, 2019.…
Aigle Azur files for bankruptcy, Air France, IAG expected to bid
After an eventful week, Aigle Azur filed for bankruptcy on September 2, 2019. The company is now waiting…
After fall of Germania, subsidiary rebrands as new Chair Airlines
Switzerland has a new airline and it will commence operations under the name of Chair Airlines. The leisure…
Why Did Jet Airways Fail? Will The Airline Fly Again? Crisis Explained
Why Did Jet Airways Fail? Will Jet Airways Ever Fly Again? Crisis Explained As the deadline for the…
Jet Airways got bailed out, but no salvation in sight
Just over a week after debt-ridden Jet Airways was bailed out by state-run banks, the airline sees its…
Stored Wow Air jets riddle grounding by lessors
After two potential investors called off negotiations, Wow Air is now drafting a further restructuring plan, ought to…
Flybmi bankruptcy: Loganair takes routes, Ryanair after pilots
Flybmi (formerly BMI Regional), a regional airline based at East Midlands Airport, announced on February 16, 2019, that…
Flybmi ceases operations
The British regional airline Flybmi has ceased all operations with immediate effect and is filing for administration, the…
Germania bites the dust after 30 years….
The German carrier with the green and white planes with a history dating back some 30 years has…