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It started with a Swiss court in October to declare bankrupcy proceeding against PrivateAIr after a vendor asked the court. PrivateAir responded it was a mistake and managed to operate for another month and a half. Today on December 5, PrivateAir asked a Swiss Court to continue bankruptcy proceedings.
Danish carrier Cimber Sterling has declared bankruptcy on Thursday, after its owners decided not to continue their financial support of the company.
A controversial series of YouTube videos mocking a flight attendant's bosses at American Airlines has morphed into an all-out grassroots movement to remove the upper-management team now running Americ
NEW YORK, N.Y. - American Airlines' bankruptcy has many in the industry questioning if a merger is in its future.
Bethesda, Md. – The filing by the owner of the Waikiki EDITION and its legal advisors of a bankruptcy proceeding to prevent Marriott International, Inc.
Mexicana Airlines, the busiest foreign carrier at Los Angeles International Airport, announced Tuesday that it had filed for bankruptcy protection in the U.S.
Multi-billionaire, Donald J. Trump, is probably one of the last people you would link with the word bankruptcy.
When Goldtrail, a Turkey and Greece tour operator, went into bankruptcy on Friday afternoon, July 16, 2010, suddenly 16,000 Britons abroad found themselves