Regional carrier Silver Airways has officially ceased all operations, ending its service across Florida, the Bahamas, and the Caribbean. A travel alert on the airline’s website advises: “Please do not go to the airport. All credit card purchases should […]
Silver Airways Ceases Operations After Failed Bankruptcy Restructuring Read More »
Azul Airlines, Brazil’s low-cost carrier, has officially filed for Chapter 11 bankruptcy protection in the United States. The announcement came on Wednesday, marking a pivotal step in the airline’s efforts to reduce debt and secure its future. The move
Gol Airlines has received approval from the U.S. bankruptcy court for its Chapter 11 restructuring plan, positioning the Brazil-based carrier to emerge from bankruptcy protection by early June. The airline, which filed for Chapter 11 in January 2024, said
Gol Airlines Cleared to Exit Bankruptcy with Restructuring Plan Approved Read More »
Go First Airlines, once a key player in India’s aviation market, has officially entered liquidation following a decision by the National Company Law Tribunal (NCLT) in Delhi. This development marks the conclusion of the airline’s protracted financial struggles, which
Go First Airlines Enters Liquidation After Failed Revival Efforts Read More »
The aviation industry continued to navigate turbulence in 2024, with 14 airlines ceasing operations due to financial struggles and evolving market dynamics. Several carriers restructured or rebranded in efforts to survive an increasingly competitive landscape. Airlines That Ceased Operations
Airlines That Ceased Operations or Rebranded in 2024 Read More »
Spirit Airlines, known for its ultra-low-cost ticket model, filed for Chapter 11 bankruptcy protection on Monday following a series of challenges, including mounting debt and operational setbacks. The filing marks a critical juncture for the airline, which last turned
Grupo Aeromexico announced today that it and certain of its affiliates have filed voluntary Chapter 11 petitions in the United States to implement a financial restructuring while continuing to serve customers. The Company intends to use the Chapter 11
LATAM Airlines Group and its affiliates in Chile, Peru, Colombia, Ecuador and the United States today initiated a voluntary reorganization.
Hertz Global Holdings, Inc. recently announced it and certain of its U.S. and Canadian subsidiaries have filed voluntary petitions for reorganization under Chapter 11
Unfortunately, despite the measures that the company has already taken to reduce costs, the Board of crew subsidiaries are left with no choice but to apply for bankruptcy.
Norwegian’s Crew Subsidiaries File for Bankruptcy Read More »
Ravn Air Group is set to stop operations, temporarily lay off all of its remaining staff, and file for Chapter 11 Bankruptcy.
RavnAir Cease All Operations, Files for Bankruptcy Read More »
