1. Home
  2. Bankruptcy

Tag: Bankruptcy

Aviation News
Aeromexico Filed for Bankruptcy

Aeromexico Filed for Bankruptcy

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

Aviation News
LATAM Airlines Files for Bankpuptcy

LATAM Airlines Files for Bankpuptcy

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,

Car Rental
Hertz Files For Bankruptcy

Hertz Files For Bankruptcy

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

Aviation News
Norwegian’s Crew Subsidiaries File for Bankruptcy

Norwegian’s Crew Subsidiaries File for Bankruptcy

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.

Aviation News
RavnAir Cease All Operations, Files for Bankruptcy

RavnAir Cease All Operations, Files for Bankruptcy

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

Aviation News
Aigle Azur Cancels All Flights

Aigle Azur Cancels All Flights

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

Aviation News
Germania Files for Bankruptcy

Germania Files for Bankruptcy

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