Tag: bankruptcy

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

Dmytro Makarov Dmytro Makarov- June 14, 2019

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

SAS back in business with better pay

Juergen T Steinmetz Juergen T Steinmetz- May 3, 2019

SAS and their pilots reached an agreement. Frequent travelers in Northern Europe are are pleased to see the seven days ... Read More

Azul to buy Avianca Brasil’s assets

Chief Assignment Editor Chief Assignment Editor- March 11, 2019

Azul S.A, the largest airline in Brazil by number of departures and destinations, announces today that it has signed a ... Read More

Another German Airline bankrupt

Juergen T Steinmetz Juergen T Steinmetz- February 5, 2019

On Monday Germania Fluggesellschaft mbH, its sister maintenance company Germania Technik Brandenburg GmbH as well as Germania Flugdienste GmbH filed for ... Read More

Ravn Air Group acquires Peninsula Airways’ assets

Chief Assignment Editor Chief Assignment Editor- December 26, 2018

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

Bankrupt: Lufthansa Partner PrivateAir

Juergen T Steinmetz Juergen T Steinmetz- December 5, 2018

It started with a Swiss court in October to declare bankrupcy proceeding against PrivateAIr after a vendor asked the court. ... Read More

Ukraine’s largest airline flies into bankruptcy

editor editor- January 23, 2013

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

American’s “cornerstone” world view

editor editor- July 20, 2012

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

Danish carrier Cimber Sterling declares bankruptcy

editor editor- May 5, 2012

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

American Airlines flight attendant works to uproot airline management

editor editor- February 23, 2012

A controversial series of YouTube videos mocking a flight attendant's bosses at American Airlines has morphed into an all-out grassroots ... Read More

American Airlines’ bankruptcy makes it attractive takeover target

editor editor- February 3, 2012

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

editor editor- November 14, 2011

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

Marriott: Waikiki EDITION owner’s bankruptcy self-defeating

editor editor- September 2, 2011

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

Mesa Air Group exits Chapter 11

editor editor- March 2, 2011

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

Bankrupt Irish running to Britain

editor editor- February 21, 2011

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

Gulfstream airline goes into bankruptcy

editor editor- November 5, 2010

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

Extended Stay Hotels emerge from bankruptcy

editor editor- October 9, 2010

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

With Borja gone, who will run Mexicana?

editor editor- August 25, 2010

MEXICO CITY - Ownership changes at struggling airliner Grupo Mexicana appear to have left the company without a chief executive ... Read More

Tourism news: Space tourism company folds

editor editor- August 11, 2010

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

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

editor editor- August 4, 2010

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

Cozumel Caribe SA files for bankruptcy

editor editor- July 21, 2010

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

editor editor- July 19, 2010

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

editor editor- July 19, 2010

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

News for Mesa Air Group continues to get worse

editor editor- May 20, 2010

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

JAL appoints new group president and executive VP

editor editor- January 27, 2010

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

Loss of government umbrella may rehabilitate JAL

editor editor- January 18, 2010

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

American Airlines to invest in JAL even in bankruptcy

editor editor- January 7, 2010

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

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

editor editor- December 31, 2009

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

Belgium takes Switzerland to UN international court

editor editor- December 31, 2009

Information was received by sources in Brussels, with whom this correspondent interacted recently during a visit to Belgium on the ... Read More

SunCruz casino ships parent company files for bankruptcy

editor editor- December 30, 2009

SunCruz and the Palm Beach Princess are two gambling ships that had been running out of Florida for a long ... Read More

Japan Airlines, lenders consider bankruptcy

editor editor- December 30, 2009

TOKYO—Japan Airlines Corp., its major lenders and a quasigovernmental investment fund are studying a bankruptcy filing for the carrier if ... Read More

Japan’s transport minister: JAL will not be forced into bankruptcy

editor editor- September 28, 2009

TOKYO — Japan's transport minister said Sunday he will not force the struggling Japan Airlines, Asia's biggest airline, into bankruptcy. Read More

SkyEurope Airlines goes out of business

editor editor- September 2, 2009

PRAGUE - After battling steadily waning passenger numbers and a critical lack of cash for most of the past year, ... Read More

Hawaii Superferry moves through bankruptcy and asks to abandon catamarans

editor editor- June 25, 2009

Hawaii Superferry has asked to abandon its two high-speed catamarans to creditors because of the significant cost of maintaining the ... Read More