FRIDAY APR 26, 2024
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Tag: bankruptcy
NEWS Apr 01, 2024 South American Tourism and the Impact of COVID-19 South America's booming tourism industry seemed to evaporate during the pandemic. Although some companies are still struggling, recent evaluations of the region suggest that they are on the way back up. Read More →
INFORMATIONAL Feb 02, 2024 Why South Africa's Aviation Industry is Collapsing Amid Flag Carrier Bankruptcy and Economic Issues South Africa's aviation industry, once a symbol of the country's economic prowess, currently navigates turbulent skies. The collapse of South African Airways (SAA), the national carrier, and broader economic strains have created a perfect storm, threatening the industry's survival. Read More →
NEWS Jan 28, 2024 Embattled Brazilian Low-Cost Carrier GOL Files for Chapter 11 Bankruptcy Gol Linhas Aereas Inteligentes SA (GOL), Brazil's largest low-cost carrier, filed for Chapter 11 bankruptcy protection in the U.S. on January 25. Although many industry analysts already expected GOL to file for bankruptcy, the move highlights airlines' enduring challenges due to the COVID-19 pandemic and broader economic uncertainties. Read More →
NEWS May 04, 2023 India's Go First Fleet Grounded for Over 17,000 Days, Blames Pratt India's budget airline Go First has filed for bankruptcy and suspended flights due to technical issues Read More →
NEWS Virgin Atlantic Declares Chapter 15 Bankruptcy in the United States Virgin 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. Read More →
NEWS Aeromexico Files for Chapter 11 Bankruptcy Aeromexico filed for Chapter 11 Bankruptcy. Click for a in-depth analysis on the situation. Read More →
NEWS LATAM Airlines Files for U.S. Bankruptcy Protection LATAM, Latin America's largest carrier, said it would continue to fly through its bankruptcy restructuring. Read More →
NEWS Thai Airways Files For Bankruptcy Protection The flag carrier of Thailand, Thai Airways files for bankruptcy protection, following in other carrier's footsteps. Click to read more. Read More →
NEWS Avianca Files for Bankruptcy Latin America's second-biggest airline, Avianca, has filed for bankruptcy amid the coronavirus pandemic. Read More →