Browsing Tag
restructuring
27 articles
Topics related to the restructuring of companies in the aviation industry, often in response to financial difficulties or changing market conditions.
Boeing restructures defense divisions, splits Phantom Works
Boeing Defense, Space and Security announced that it will restructure its defense unit following substantial losses incurred by…
Thai Airways searching for a ‘highly adaptable’ and ‘ethical’ CEO on LinkedIn
Thai Airways is looking for its next Chief Executive Officer (CEO), and is turning to professional networking site…
Will the Indian aviation market be the growth story of the next decade?
Commercial aviation in India is undergoing a major shake-up this year. IndiGo continues to lead the market as…
Garuda Indonesia files for US Chapter 15 bankruptcy procedure: Reuters
After settling an agreement with creditors to halve its debt to around $5 billion, flag carrier Garuda Indonesia…
Creditors approve Garuda Indonesia restructuring plan
Garuda Indonesia has received the green light from its creditors to move forward with its restructuring plan, according…
Denmark agrees to invest in SAS as pilot strikes loom at the carrier
The Danish government and opposing political parties have agreed to invest in SAS as pilot strikes loom at…
SAS says travel demand improving but restructuring progress is limited
Scandinavian airline SAS is benefitting from improving travel demand, but has sounded a note of caution on efforts…
Thai AirAsia X files for business restructuring
Low-cost long haul carrier Thai AirAsia X has filed for business rehabilitation, becoming the latest Thai airline to…
SAS sounds warning after pilots walk out of cost-cutting talks
SAS has sounded a warning after negotiations with pilot unions over cost cuts broke down. The Scandinavian airline…
US court approves Aeromexico restructuring plan
The United States Bankruptcy Court for the Southern District of New York approved Aeromexico’s restructuring plan on January…
Kenya drops nationalization of KQ amidst $1 billion restructuring
Nairobi-based Kenya Airways (KQ) will no longer undergo nationalization following reports that the Kenyan government has withdrawn its…
Etihad Airways sells aviation support businesses to focus on airline operations
Etihad Airways is selling some of its airline support services businesses in order to focus fully on its…
Aeromexico creditor objects to proposed restructuring plan
Aeromexico creditor Invictus Global Management has formally objected to the airline’s proposed restructuring plan to emerge from Chapter 11 bankruptcy…
US court approves Philippine Airlines’ recovery plan
The United State Bankruptcy Court of the Southern District of New York has cleared Philippine Airlines’ recovery plan, four months after the…
Business rescue plan approved for SAA low-cost unit Mango
The path is clear for South African Airways (SAA) unit Mango Airlines to find an equity partner. SAA…
Aeromexico files updated reorganization plan
Grupo Aeromexico, the owner company of Mexican flag carrier Aeromexico filed a revised version of its reorganization plan. …
LATAM submits its restructuring plan
Latin America’s largest carrier, LATAM Airlines Group has submitted its business restructuring plan. In a press statement dated November 26, 2021, LATAM…
Air Mauritius exits voluntary administration, secures funding
Air Mauritius has exited voluntary administration, after successfully securing funding from the country’s government. The government of Mauritius…