Browsing Tag
Chapter 11
18 articles
Explore articles and news about Chapter 11 bankruptcy, a legal process that allows businesses to reorganize and restructure.
Philippine Airlines reacquires Airbus A330; plans expansion with travel recovery
Philippine Airlines announced that it has reacquired one of its Airbus A330 aircraft in preparation for the upcoming…
SAS reaches deals to alter leases for another seven aircraft
SAS has agreed to amend the terms of leases for a further seven aircraft, representing further progress in…
SAS to return 10 Airbus and Boeing aircraft to lessors: report
SAS is looking to reduce its fleet as part of its Chapter 11 Bankruptcy Protection and aims to…
SAS, hit by strikes and Chapter 11, prepares to recruit staff for summer 2023
SAS is preparing to take on substantially more staff for summer 2023, expecting an increase in demand. Many…
SAS secures $700M financing to support operations during Chapter 11
Scandinavian airline SAS has secured $700 million of financing to support operations through its Chapter 11 restructuring process. …
LATAM obtains US Court approval for reorganization plan, secures exit financing
LATAM Group announced that its total operating revenues reached $2.23 billion in the second quarter of the year.…
US Court permits SAS to operate business throughout Chapter 11 process
Scandinavian carrier SAS received all necessary court approvals to continue operating its business normally throughout the Chapter 11…
SAS files for Chapter 11
Scandinavian Airlines (SAS) has voluntarily filed for Chapter 11 bankruptcy protection in the United States in order to…
LATAM says US court approves restructuring plan
A US court has approved LATAM Airline Group’s restructuring plan, meaning it can move forward with efforts to…
Lessor Nordic Aviation Capital emerges from Chapter 11
Lessor Nordic Aviation Capital (NAC) has emerged from Chapter 11 restructuring process, having eliminated nearly $4.1 billion of…
Aeromexico exits Chapter 11, plans to invest $5 billion into fleet
Grupo Aeromexico, the parent company of Mexican flag carrier Aeromexico, announced it concluded restructuring process and exited Chapter…
Philippine Airlines emerges from Chapter 11 proceedings
Philippine Airlines (PAL) has exited Chapter 11 proceedings after less than four months following a deal to cut its debt by over $2 billion. The flag carrier’s financial recovery plan was…
What’s next for Avianca after exiting bankruptcy protection?
A revamped Avianca (AVHOQ) has emerged from bankruptcy protection, 18 months after filing for a Chapter 11 process…
Aeromexico files updated reorganization plan
Grupo Aeromexico, the owner company of Mexican flag carrier Aeromexico filed a revised version of its reorganization plan. …
US Court gives green light for Avianca’s reorganization plan
A US Court has approved Avianca’s (AVHOQ) Chapter 11 reorganization plan, the airline confirmed. According to a statement…
Philippine Airlines gets $505 million financing under Chapter 11
Philippine Airlines (PAL) got the approval from the US Bankruptcy Court to access debtor-in-possession (DIP) financing totaling $505…
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…
Philippine Airlines to file Chapter 11 amid pandemic?
One of the oldest air carriers in Asia, Philippine Airlines, is reportedly planning to reduce its fleet and…