Articles tagged “bankruptcy”

Alitalia in Chaos as a Sale or Breakup Seems Possible

Alitalia in Chaos as a Sale or Breakup Seems Possible

Tommaso Ebhardt and Chiara Albanese, Bloomberg

When Alitalia last filed for bankruptcy protection in 2008, it defied predictions that it would shrink, break up, and be sold as a whole or in parts. This year, it is less likely to escape a cruel fate.

3 days ago

Travel Startup Founder’s Jailing Prompts Backlash from India’s Tech Leaders

Travel Startup Founder’s Jailing Prompts Backlash from India’s Tech Leaders

Saritha Rai, Bloomberg

Stayzilla, a short-term rental marketplace, closed last month. A company has had the CEO jailed, claiming the man is liable for an unpaid bill. If intimidation is overriding bankruptcy law, then Prime Minister Narendra Modi, who has a “Startup India” drive, should speak out.

1 month ago

Pointing Fingers in the $3.5 Billion Failure of Baha Mar Resort

Pointing Fingers in the $3.5 Billion Failure of Baha Mar Resort

John Lippert and Dawn McCarty, Bloomberg

Baha Mar is an example of what not to do in tourism development: One big, expensive project that will deliver lofty returns.

1 year ago

Estonia’s National Airline Is Officially Bankrupt

Estonia’s National Airline Is Officially Bankrupt

Associated Press

While the bankruptcy is clearly a dodge to avoid paying the EU fines, it's a sign that the competition rules in Europe are off kilter.

1 year ago

Baha Mar’s Founder Offers Additional Investment to Stave Off Liquidation

Baha Mar’s Founder Offers Additional Investment to Stave Off Liquidation

John Lippert and Dawn McCarty, Bloomberg

The rise and fall of the Baha Mar development is a cautionary tale in progress.

1 year ago

Bahamas Rules That Baha Mar’s U.S. Bankruptcy Doesn’t Matter

Bahamas Rules That Baha Mar’s U.S. Bankruptcy Doesn’t Matter

David McFadden, Associated Press

We like seeing the Bahamas stand up for itself here, even if we have doubts about it's motives.

2 years ago

A Japanese Budget Airline Is Bankrupt, But Its Tokyo Airport Slots Are Golden

A Japanese Budget Airline Is Bankrupt, But Its Tokyo Airport Slots Are Golden

Kyunghee Park and Kiyotaka Matsuda, Bloomberg

Expect rivals to be aggressive and merciless -- everyone wants a shot at those Haneda slots.

2 years ago

Caesars Is in Bankruptcy, But It’s Still Business as Usual for the Gaming Giant

Caesars Is in Bankruptcy, But It’s Still Business as Usual for the Gaming Giant

Steven Church and Andrew Harris, Bloomberg

Atlantic City's collapse, Las Vegas' hype-competition, and fallout in Macau from the crackdown on corruption add up to a very bad time to be Caesar's.

2 years ago

American Airlines Is 99% Finished With Settling Bankruptcy Claims

American Airlines Is 99% Finished With Settling Bankruptcy Claims

Bill Rochelle, Bloomberg

True, another $2.7 billion isn't chump change, but the merger of American and US Airways is so far turning out as a test case for how to do a mega merger right.

3 years ago

Behind the Bid to Take Troubled Malaysia Airlines Private

Behind the Bid to Take Troubled Malaysia Airlines Private

Shamin Adam, Bloomberg

There is little precedent for what Malaysia is trying to do, but it may be its only choice.

3 years ago

American Air’s Bankruptcy Specialists Will Walk Away With Nearly $400 Million

American Air’s Bankruptcy Specialists Will Walk Away With Nearly $400 Million

Associated Press

Quite a nice haul to perk up a company that Doug Parker already knew he wanted to buy before things went south.

3 years ago

Want to Buy an Airline Brand? Kingfisher Is up for Sale, Minus the Planes

Want to Buy an Airline Brand? Kingfisher Is up for Sale, Minus the Planes

P.R. Sanjai, The Mint

OK, so it's not Pan Am. Or even Eastern. And there are complications with the beer of the same name. On second thought ...

3 years ago