Articles tagged “bankruptcy”

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

Struggling Colombian budget airline Viva Air stopped flying late Monday, less than a month after it filed for the local equivalent of bankruptcy.

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.

Mexican regional airline Aeromar closed its doors on Wednesday after it failed to reach a deal with creditors or secure new capital.

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.

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.

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.

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.

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.