NEWSMay 04, 2023India's Go First Fleet Grounded for Over 17,000 Days, Blames PrattIndia's budget airline Go First has filed for bankruptcy and suspended flights due to technical issuesRead More →
NEWSSep 14, 2022New York Court Approves $700 million in Additional Funding for SAS SAS (Scandinavian Airlines System), the Scandinavian flag carrier, officially secured the essential funding to continue operation. A United States Bankruptcy Court for the Southern District of New York approved financing for the airline of over 700 Million USD. The Debtor-in-Possession (DIP) agreement's terms are almost identical to the ones SAS announced on August 14, 2022, with the financing credit agreement managed by Apollo Global Management. Read More →
NEWSJun 06, 2022Comair Group Suspends All FlightsOne of South Africa's largest airline operators, Comair, has suspended all flights with immediate effect due to insufficient funds. Operating flights for British Airways and managing subsidiary Kulula, Comair is a critical asset of the South African aviation market, and its suspension poses a devastating blow to passengers. Read More →
NEWSJan 10, 2022Philippine Airlines Exits Chapter 11 BankruptcyPhilippine Airlines has now emerged from bankruptcy ready to increase their market share in East Asia. With lofty plans on the horizon, the airline is now poised to achieve new historic flights and expand on existing popular routes.Read More →
NEWSDec 31, 1969Virgin Atlantic Declares Chapter 15 Bankruptcy in the United StatesVirgin Atlantic has declared Chapter 15 Bankruptcy in New York. The news comes after Virgin Atlantic chased after government aid from the United Kingdom. Click to read more.
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NEWSDec 31, 1969Aeromexico Files for Chapter 11 BankruptcyAeromexico filed for Chapter 11 Bankruptcy. Click for a in-depth analysis on the situation.Read More →
NEWSDec 31, 1969LATAM Airlines Files for U.S. Bankruptcy ProtectionLATAM, Latin America's largest carrier, said it would continue to fly through its bankruptcy restructuring.
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NEWSDec 31, 1969Thai Airways Files For Bankruptcy ProtectionThe flag carrier of Thailand, Thai Airways files for bankruptcy protection, following in other carrier's footsteps. Click to read more.Read More →
NEWSDec 31, 1969Avianca Files for BankruptcyLatin America's second-biggest airline, Avianca, has filed for bankruptcy amid the coronavirus pandemic. Read More →
