NEWS Dec 30, 2024 Silver Airways Files for Chapter 11 Bankruptcy, Will Resume Normal Operation On Monday evening, Silver Airways announced that it filed for Chapter 11 bankruptcy in a Florida bankruptcy court. In a statement to customers, the Florida-based airline assured customers that it would continue normal operations through bankruptcy. Read More →

NEWS Jan 19, 2024 Financial Issues May Force Brazil's GOL to File for Bankruptcy The aviation industry can be difficult for airlines to survive since many carriers operate with razor-thin profit margins in a delicate balance between operating loss and operative revenue. The results can be disastrous when this balance between operating costs and revenue (profit/income) is disturbed. The latest airline to experience this problem is the Brazilian low-cost carrier GOL Linhas Aéreas Inteligentes (GOL). The 22-year-old airline is reportedly considering filing for Chapter 11 bankruptcy protection. Read More →

NEWS Jan 10, 2022 Philippine Airlines Exits Chapter 11 Bankruptcy Philippine 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 →

NEWS Dec 31, 1969 Aeromexico Files for Chapter 11 Bankruptcy Aeromexico filed for Chapter 11 Bankruptcy. Click for a in-depth analysis on the situation. Read More →

NEWS Dec 31, 1969 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 →