BREAKING: HNA Group applies for bankruptcy and reorganization
On January 29, 2021, Hainan Airlines parent company HNA Group applied for bankruptcy and reorganization after a long period…
bankruptcy
58 articles
Explore news and updates related to bankruptcy cases in the aviation industry, including the financial challenges faced by airlines and companies.
AirAsia Japan abolishes all routes, 23K passengers get no refund
Affected by the outbreak of new coronavirus disease, AirAsia Japan, the low-cost airline under the well-known AirAsia group,…
After AirAsia Japan bankruptcy, group reviews India’s unit
Malaysian low-cost airline AirAsia Group is revising investments in its financially burdened Indian subsidiary, after its Japan affiliate…
Avianca gets approval for $2 billion financing package
The Colombian airline Avianca (AVHOQ) announced that the U.S Bankruptcy Court approved its financing plan for over…
Jet Time files for bankruptcy, owner registers Jettime
Danish airline Jet Time, which has been offering charter and ACMI services since 2006, has filed for bankruptcy…
LATAM fires over a third of its workforce
The largest South American airline,LATAM, has announced that due to the effects of COVID-19 pandemic over 2,700 of…
Restructured Alitalia to renew its fleet with A320s and B787s
As Italian government proceeds with a restructuring of its long-bankrupt national carrier Alitalia, the company’s new CEO and…
South African Express staff attempts to buy the dying airline
Hundreds of South African Express Airways (SA) employees are attempting to save their jobs by taking unusual measures…
Struggling Avianca to get up to $370 million state loan
Fighting-for-survival Columbian airline Avianca (AVHOQ) is about to get the government’s support. Colombian government will lend up to $370…
South African government says it is committed to financing SAA
The bankruptcy administrators of South African Airways (SAA) were told that the government was committed to provide 10.5…
Neglected after first flight: story of Avianca Boeing 787-9
Avianca’s (AVHOQ) Boeing 787-9 has a unique story. Unlike many other aircraft currently parked due to technical issues,…
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…
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 was…