Articles tagged “bankruptcies”

Short-Term Rentals

Frontdesk’s Assets Will Likely Be For Sale

You can expect that some of Frontdesk's rivals will move in to buy some of its remains.

Frontdesk’s Assets Will Likely Be For Sale

Online Travel

Despegar Sees Brazil Gains After Alleged Airline Ticket Ponzi Scheme Goes Bust

Brazil is a huge market, as are airline tickets, for Despegar. A rival with an alleged Ponzi scheme for selling airline tickets wasn't really fair competition.

Despegar Sees Brazil Gains After Alleged Airline Ticket Ponzi Scheme Goes Bust

Airlines

India Daily: Go First Airline Gets Bankruptcy Protection

The decision may save Go First. But it's aggravating for foreign partners who have leased aircraft to the carrier. Plus, more news from our daily roundup.

India Daily: Go First Airline Gets Bankruptcy Protection

Airline Weekly

Bankruptcy Was Just What Thai Airways Needed

Sometimes, bankruptcy is just what the doctor ordered. Thai Airways, Thailand’s largest airline, just stunned the aviation world with a striking 21 percent operating margin for the October-to-December quarter.

Bankruptcy Was Just What Thai Airways Needed

Airlines

SAS CEO: European Airlines Desperately Need Consolidation

For now, SAS is focused on getting out of bankruptcy in clean financial shape, and hopes to be part of whatever larger European airline landscape emerges in coming years.

SAS CEO: European Airlines Desperately Need Consolidation

Airlines

Norway’s Flyr Joins This List of Airline Bankruptcies and Failures Since Pandemic

Although aviation executives have been bullish in recent weeks about the industry continuing to make significant progress in its recovery, Flyr's bankruptcy is a clear sign many airlines' financial challenges are far from over.

Norway’s Flyr Joins This List of Airline Bankruptcies and Failures Since Pandemic

Hotels

Hotels Expand Their Wellness Products

Good morning from Skift. It's Wednesday, July 6 in New York City. Here's what you need to know about the business of travel today.

Hotels Expand Their Wellness Products

News Blog

Property Manager WanderJaunt Shuts Down

Short-term rental property manager WanderJaunt ceased operations. An announcement on a Wanderjaunt customer service phone line said that "due to the current economic situation" Wanderjaunt is permanently closing on Thursday, June 30, and ceased operations Tuesday. Guests with bookings that had checkouts by Thursday could complete their stays, the announcement said, and those with stays…

Airline Weekly

Aircraft Lessor Nordic Aviation Capital Files for Bankruptcy Due to Pandemic

Aircraft lessors — which rent airplanes to the world's airlines — are doing relatively well during the pandemic, as airlines seek to shift the financial burdens of owning expensive assets off their balance sheets. But the shift in aircraft ownership didn't come soon enough for Nordic Aviation Capital, which has filed for Chapter 11 bankruptcy protection.

Aircraft Lessor Nordic Aviation Capital Files for Bankruptcy Due to Pandemic

Airline Weekly

Azul Backs Off Latam Takeover After Reorganization Filing

Brazilian airline Azul dropped its plans to acquire bankrupt Latam after Latam filed its reorganization plan with the U.S. court overseeing its restructuring. Had Azul persisted, it would have created the largest airline group in South America.

Azul Backs Off Latam Takeover After Reorganization Filing