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.…
bankruptcy
65 articles
Explore news and updates related to bankruptcy cases in the aviation industry, including the financial challenges faced by airlines and companies.
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 ExplainedAs the deadline for the bids…
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…
Germania goes bankrupt, Swiss subsidiary spared
Unable to overcome its liquidity problems, low cost carrier Germania announced that it filed for bankruptcy on February…
2019 will be a year of crossroads for aviation industry
2018 was an interesting year for airlines. On one hand there was the introduction of the blockchain bringing…