Articles tagged “bankruptcy”

Airlines

Spirit Airlines Is Not Considering a Chapter 11 Bankruptcy, CEO Says

Spirit’s CEOs comments come as S&P downgraded the carrier’s credit rating earlier this week, potentially hurting its ability to refinance its debt. The carrier has $1.1 billion in debt set to mature in September 2025.

Spirit Airlines Is Not Considering a Chapter 11 Bankruptcy, CEO Says

Online Travel

EbixCash Says Parent Company’s Bankruptcy Won’t Affect Operations

While it's business as usual for EbixCash, it remains to seen if this will further delay the company's IPO launch.

EbixCash Says Parent Company’s Bankruptcy Won’t Affect Operations

Airlines

India’s SpiceJet Confirms Bid to Acquire Bankrupt Carrier GoFirst

SpiceJet's bid to acquire GoFirst signals a strategic move to strengthen its market position. However, the carrier's own operational and financial hurdles may pose integration challenges.

India’s SpiceJet Confirms Bid to Acquire Bankrupt Carrier GoFirst

Tourism

India Daily: LGBTQ+ Travelers Prioritize Safety When Booking Trips

As a Booking.com survey shows, the travel industry has far to go before it can truly claim inclusivity and a travel economy that values LGBTQ+ travelers.

India Daily: LGBTQ+ Travelers Prioritize Safety When Booking Trips

Tourism

India Daily: Airline Leasing Watchdog Cites Country’s Repossession Compliance Failure

While a surge in air traffic in the world’s third-largest aviation market led to record jet orders, Go First's bankruptcy made lessors apprehensive about India.

India Daily: Airline Leasing Watchdog Cites Country’s Repossession Compliance Failure

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

Airlines

Indian Carrier GoFirst Files for Bankruptcy Blaming Engine Delivery Delays

GoFirst's bankruptcy filing is not unexpected given the airline's ongoing financial struggles. However, the real question is whether the airline can recover from this situation, especially as the country is still awaiting the resurrection of Jet Airways.

Indian Carrier GoFirst Files for Bankruptcy Blaming Engine Delivery Delays

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.

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…

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,…