Articles tagged “bankruptcy”

Airline Weekly

Azul Escapes Potential Bankruptcy With Aircraft Lessor Agreements

With the threat of bankruptcy gone, Brazil's Azul has a lot to look forward to.

2 weeks ago
Azul Escapes Potential Bankruptcy With Aircraft Lessor Agreements

News Blog

Colombia’s Bankrupt Viva Air Shuts Down

Struggling Colombian budget airline Viva Air stopped flying late Monday, less than a month after it filed for the local equivalent of bankruptcy. The Medellin-based carrier, and Colombia's third largest, cited the delay by the country's civil aviation regulator, Aerocivil, in approval of its proposed merger with Avianca for its closure. Aerocivil has been considering…

Edward Russell | 3 weeks ago

News Blog

Mexican Airline Aeromar Stops Flying

Mexican regional airline Aeromar closed its doors on Wednesday after it failed to reach a deal with creditors or secure new capital. The airline was a small player in Mexico's aviation market, flying less than 1 percent of the country's domestic seats in February, according to Diio by Cirium schedules. However, flying smaller ATR turboprops,…

Edward Russell | 1 month ago

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.

Rashaad Jorden | 2 months ago

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

Airlines

UK Regional Airline Flybe Shuts Down, Again

Maybe Flybe failed for a reason the first time around.

Mrinmay Dey, Akriti Sharma, and James Davey, Reuters | 2 months ago

UK Regional Airline Flybe Shuts Down, Again

Airlines

Mexico Buys Defunct Mexicana Airline Brand for $42 M

Considering the dim global track record for reinvigorating failed airline brands, this can’t be seen as much more than providing some compensation to the former workers abandoned after Mexicana’s failure. But some retro Mexicana flight bags would still be pretty cool.

Kylie Madry, Reuters | 2 months ago

Mexico Buys Defunct Mexicana Airline Brand for $42 M

News Blog

Former Thomas Cook CEO Peter Fankhauser Returns to Travel

Peter Fankauser is marking his official return to travel after a three-year absence, as he takes on the role of chairman at Germany's itravel Group. He has also previously been an investor and consultant at the Cologne-based tour operator. Fankauser was CEO of Thomas Cook Group from 2014 up until its collapse in September 2019.…

Matthew Parsons | 6 months ago

Airline Weekly

SAS’ Long Road to Bankruptcy

Scandinavian airline SAS is in bankruptcy after years of struggles. Edward Russell and Jay Shabat discuss how the carrier could still struggle to extract needed savings, particularly from aircraft lessors.

8 months ago
SAS’ Long Road to Bankruptcy

Airlines

SAS Joins List of Airline Failures and Bankruptcies Since Pandemic’s Start

The list of pandemic airline bankruptcies keeps growing even as travel bounces back faster than anticipated. But hundreds-of-millions-of-dollars in government aid didn't save SAS, which became the latest victim Tuesday.

Jay Shabat, Skift | 9 months ago

SAS Joins List of Airline Failures and Bankruptcies Since Pandemic’s Start

Airline Weekly

SAS Airlines’ Bankruptcy Follows Months of a Showdown Over Aircraft Leases

The pandemic took its latest aviation victim with Scandinavia's SAS filing for Chapter 11 Tuesday. But the bankruptcy is more about extracting cost savings from aircraft lessors than breaking a pilots strike that has grounded much of the airline.

9 months ago
SAS Airlines’ Bankruptcy Follows Months of a Showdown Over Aircraft Leases