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Kingfisher must clear debts before it is allowed to fly again

NEW DELHI, India - It is unlikely that Kingfisher Airlines will be able to restart operations any time soon.

Refunds to passengers of Air Australia likely to “be nil”

There are fears some passengers will never get their money back after the revelation collapsed budget airline Air Australia owes creditors up to $90 million.

Ultimate Escapes files for bankruptcy protection

ORLANDO, Fla. - Ultimate Escapes, Inc. today announced that it had filed for protection under Chapter 11 of the U.S.

Irish airline Aer Arann files for court protection

Aer Arann, one of the Ireland's best known companies, has filed for court protection from its creditors as the company tries to rescue their ailing business.