Articles tagged “bankruptcies”

Another European Airline Bites the Dust

Another European Airline Bites the Dust

Patrick Whyte, Skift

Germania certainly won't be the last European airline to go under this year. 2019 looks like being as challenging as 2018 – even with fuel at a much more favorable price.

5 months ago

Avianca Brasil in Talks for Cash Infusion While It Downsizes Operations

Avianca Brasil in Talks for Cash Infusion While It Downsizes Operations

Fabiana Batista and Paula Sambo, Bloomberg

Avianca Brasil is looking for a lifeline as it cancels routes and sees its aircraft grounded. A viable path forward isn't very clear at the moment.

5 months ago

HotelQuickly Disaster Raises Questions on How Travel Search Giants Vet Advertisers

HotelQuickly Disaster Raises Questions on How Travel Search Giants Vet Advertisers

Sean O'Neill, Skift

It's a matter of probability that some companies will face cash crunches. It appears HotelQuickly has. But global travel search companies need to detect problems sooner. They must quickly put a pause on referring consumers to troubled companies before too many victims pile up.

7 months ago

How the Indian Government Could Successfully Sell Air India

How the Indian Government Could Successfully Sell Air India

Mihir Sharma, Bloomberg

On Friday the Indian government is considering having to infuse cash into Air India to give salaries to airline workers unpaid for the month of April. Hopefully, that will motivate the government to be more practical about how to sell the carrier. But we're doubtful.

1 year ago

Alitalia’s Future Comes Into Focus as Bankruptcy Deadline Looms

Alitalia’s Future Comes Into Focus as Bankruptcy Deadline Looms

Justin Bachman, Bloomberg

It's probably time to say arrivederci to Alitalia. There are plenty of suitors eager to buy its valuable international routes, and low-cost carriers will fill the gaps when its less profitable routes disappear.

1 year ago