Tag: bankruptcy

Fraport traffic figures – May 2019: Frankfurt Airport reports solid  growth

Fraport traffic figures – May 2019: Frankfurt Airport reports solid growth

Dmytro Makarov Dmytro Makarov- June 14, 2019 05:45 0

Frankfurt Airport (FRA) welcomed 6.2 million passengers in May 2019, an increase of 1.4 percent year-on-year. The growth rate would have been one percentage point ... Read More

SAS back in business with better pay

SAS back in business with better pay

Juergen T Steinmetz Juergen T Steinmetz- May 3, 2019 08:55 0

SAS and their pilots reached an agreement. Frequent travelers in Northern Europe are are pleased to see the seven days walk out ended. The seven-day ... Read More

Azul to buy Avianca Brasil’s assets

Azul to buy Avianca Brasil’s assets

mm Chief Assignment Editor- March 11, 2019 17:30 0

Azul S.A, the largest airline in Brazil by number of departures and destinations, announces today that it has signed a non-binding agreement with Avianca Brasil ... Read More

Another German Airline bankrupt

Another German Airline bankrupt

Juergen T Steinmetz Juergen T Steinmetz- February 5, 2019 09:26 0

On Monday Germania Fluggesellschaft mbH, its sister maintenance company Germania Technik Brandenburg GmbH as well as Germania Flugdienste GmbH filed for insolvency in Berlin-Charlottenburg. Flight operations ... Read More

Ravn Air Group acquires Peninsula Airways’ assets

Ravn Air Group acquires Peninsula Airways’ assets

mm Chief Assignment Editor- December 26, 2018 21:05 0

Ravn Air Group, Inc., a portfolio company of investment affiliates of J.F. Lehman & Company, announced today the purchase of the assets of Peninsula Airways, ... Read More

Bankrupt: Lufthansa Partner PrivateAir

Bankrupt: Lufthansa Partner PrivateAir

Juergen T Steinmetz Juergen T Steinmetz- December 5, 2018 22:23 0

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 ... Read More

Ukraine’s largest airline flies into bankruptcy

Ukraine’s largest airline flies into bankruptcy

editor editor- January 23, 2013 06:08 0

KIEV, Ukraine - AeroSvit, Ukraine's largest airline, will seek protection from its creditors in court this week after grounding most of its flights and leaving ... Read More

American’s “cornerstone” world view

American’s “cornerstone” world view

editor editor- July 20, 2012 08:15 0

American Airlines continues to work its way through bankruptcy. Read More

Danish carrier Cimber Sterling declares bankruptcy

Danish carrier Cimber Sterling declares bankruptcy

editor editor- May 5, 2012 03:08 0

Danish carrier Cimber Sterling has declared bankruptcy on Thursday, after its owners decided not to continue their financial support of the company. Read More

American Airlines flight attendant works to uproot airline management

American Airlines flight attendant works to uproot airline management

editor editor- February 23, 2012 04:24 0

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 ... Read More

American Airlines’ bankruptcy makes it attractive takeover target

American Airlines’ bankruptcy makes it attractive takeover target

editor editor- February 3, 2012 07:44 0

NEW YORK, N.Y. - American Airlines' bankruptcy has many in the industry questioning if a merger is in its future. Read More

Kingfisher will hock property to stay airborne

Kingfisher will hock property to stay airborne

editor editor- November 14, 2011 05:43 0

MUMBAI, India - The board of Kingfisher Airlines will on Monday consider a proposal to cut debt by more than half by selling property, converting ... Read More

Marriott: Waikiki EDITION owner’s bankruptcy self-defeating

Marriott: Waikiki EDITION owner’s bankruptcy self-defeating

editor editor- September 2, 2011 03:18 0

Bethesda, Md. – The filing by the owner of the Waikiki EDITION and its legal advisors of a bankruptcy proceeding to prevent Marriott International, Inc. Read More

Mesa Air Group exits Chapter 11

editor editor- March 2, 2011 04:24 0

PHOENIX - Mesa Air Group’s Plan of Reorganization became effective today, allowing the company to emerge from its reorganization under Chapter 11 of the U.S. ... Read More

Bankrupt Irish running to Britain

Bankrupt Irish running to Britain

editor editor- February 21, 2011 05:53 0

Niall is 31 and manager of a successful fruit farm just outside Dublin. Read More

Gulfstream airline goes into bankruptcy

Gulfstream airline goes into bankruptcy

editor editor- November 5, 2010 03:18 0

Florida's Gulfstream International Group announced that it has filed for Chapter 11 on Thursday to restructure its debt and secure long-term financing. Read More

Extended Stay Hotels emerge from bankruptcy

Extended Stay Hotels emerge from bankruptcy

editor editor- October 9, 2010 02:57 0

SPARTANBURG, South Carolina - Extended Stay Hotels emerged from Chapter 11 bankruptcy protection today, after an investment group purchased 100 percent of the company for ... Read More

With Borja gone, who will run Mexicana?

With Borja gone, who will run Mexicana?

editor editor- August 25, 2010 05:02 0

MEXICO CITY - Ownership changes at struggling airliner Grupo Mexicana appear to have left the company without a chief executive as it navigates bankruptcy proceedings, ... Read More

Tourism news: Space tourism company folds

Tourism news: Space tourism company folds

editor editor- August 11, 2010 04:56 0

An aerospace company that had once hoped to soar in the space tourism business may end up landing in bankruptcy court. Read More

Debt-ridden Mexicana files for bankruptcy protection in  US and Mexico

Debt-ridden Mexicana files for bankruptcy protection in US and Mexico

editor editor- August 4, 2010 04:50 0

Mexicana Airlines, the busiest foreign carrier at Los Angeles International Airport, announced Tuesday that it had filed for bankruptcy protection in the U.S. Read More

Cozumel Caribe SA files for bankruptcy

Cozumel Caribe SA files for bankruptcy

editor editor- July 21, 2010 04:11 0

A Mexican provider of tourism services at a beachfront hotel in Cozumel filed for Chapter 15 bankruptcy protection Tuesday. Read More

Trump and bankruptcy – two words you would not expect to hear together

Trump and bankruptcy – two words you would not expect to hear together

editor editor- July 19, 2010 03:11 0

Multi-billionaire, Donald J. Trump, is probably one of the last people you would link with the word bankruptcy. Read More

Travel news: Goldtrail bankruptcy leaves 16,000 Britons stranded while on holiday

Travel news: Goldtrail bankruptcy leaves 16,000 Britons stranded while on holiday

editor editor- July 19, 2010 02:12 0

When Goldtrail, a Turkey and Greece tour operator, went into bankruptcy on Friday afternoon, July 16, 2010, suddenly 16,000 Britons abroad found themselves Read More

News for Mesa Air Group continues to get worse

News for Mesa Air Group continues to get worse

editor editor- May 20, 2010 04:36 0

The news for once-large Mesa Air Group continues to get worse and worse. Read More

JAL appoints new group president and executive VP

JAL appoints new group president and executive VP

editor editor- January 27, 2010 07:31 0

Beginning February 1, 2010, Japan Airlines Group will have new executives at the the helm. Read More

Loss of government umbrella may rehabilitate JAL

Loss of government umbrella may rehabilitate JAL

editor editor- January 18, 2010 02:47 0

Kiyoshi Watanabe bought Japan Airlines Corp. shares last year at about 100 yen ($1.10) and lost over 90 percent of his investment on speculation the ... Read More

American Airlines to invest in JAL even in bankruptcy

American Airlines to invest in JAL even in bankruptcy

editor editor- January 7, 2010 04:19 0

TOKYO - American Airlines is considering sweetening its $1.1 billion investment proposal for Japan Airlines and would be willing to invest in the carrier even ... Read More

Will they or won’t they? JAL shares plunge on bankruptcy fears

Will they or won’t they? JAL shares plunge on bankruptcy fears

editor editor- December 31, 2009 02:43 0

TOKYO — Shares of struggling Japan Airlines Corp. nosedived to a record low Wednesday on growing fears the money-losing carrier could be put through bankruptcy ... Read More

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