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…
bankruptcy
65 articles
Explore news and updates related to bankruptcy cases in the aviation industry, including the financial challenges faced by airlines and companies.
Virgin Australia ends long-haul; shifts to all-Boeing 737 fleet
Virgin Australia’s reorganization plan under voluntary administration includes mass layoffs, fleet recomposition and discontinuation of its subsidiary Tigerair…
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…
No option of bankruptcy for American Airlines, CEO says
Speaking at a conference on May 27, 2020, Doug Parker, CEO of American Airlines (A1G) (AAL) , shared…
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…
Thai Airways confirms reorganization in bankruptcy
Thai Airways, the national flag carrier of Thailand, will begin the reorganization process under the bankruptcy law. The…
The Day That 4 American Legacy Carriers Went Bankrupt
From the archives | This article was originally written and published on January 25, 2019. September 14th, 2005…
Air Mauritius declares insolvency, enters administration
After halting all its domestic and international flights due to the coronavirus crisis, Air Mauritius is expecting not…
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…
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. The…
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…