Iuliia Tore
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
Iuliia Tore
LATAM Airlines Group and its affiliates in Chile, Peru, Colombia, Ecuador and the United States today initiated a voluntary reorganization and restructuring of their debt under Chapter 11 protection in the United States with the support of the Cueto and Amaro families and Qatar Airways,
Iuliia Tore
The 102-year-old car rental firm Hertz has filed for bankruptcy protection after its business all but vanished during the coronavirus pandemic. The impact of COVID-19 on travel demand was sudden and dramatic, causing an abrupt decline in the Company's revenue and future
Iuliia Tore
Due to the ongoing spread of the Coronavirus, most countries have advised against or have banned non-essential travel. The closure of borders and quarantine restrictions has effectively brought the entire airline industry to a halt.
Iuliia Tore
RavnAir Group is set to stop operations, temporarily lay off all of its remaining staff, and file for Chapter 11 Bankruptcy. RavnAir Group today announced that due to the global COVID-19 pandemic and the unprecedented
Iuliia Tore
France’s second-largest airline Aigle Azur plans to cancel all flights starting September 7, 2019. Its website is no longer available. In a statement on the Aigle Azur website, the airline says this decision was made
Iuliia Tore
Berlin-based airline Germania has filed for bankruptcy and cancelled all flights with immediate effect, the company said early Tuesday. Germania’s employees have been informed. Swiss airline Germania Flug AG and Bulgarian Eagle are not affected
