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Articles tagged “bankruptcy”

Airlines

American Airlines could face pilot shortage in 2013 if bankruptcy hearing doesn’t go its way

American Airlines pilots recently ratified a new agreement, but this lingering issue about senior pilots' pensions could cause some unrest.

Skift | 11 years ago

Airlines

Kingfisher fails to find billion-dollar boost by bankers’ deadline

There’s almost no chance outside investors will step in to save the ailing airline when even owner Vjiay Mallya is hesitant to divert funds into its resurrection.

Skift | 11 years ago

Kingfisher fails to find billion-dollar boost by bankers’ deadline

Airlines

American Airlines’ board gets a thumbs down from its leading bondholders group

The leadership at AMR sees a hefty payday ahead for itself if they can exit bankruptcy independently, but with its biggest bondholders opposed to an independent way if said leadership is intact it's going to be an uphill battle for Horton and crew.

Nick Brown, Reuters | 11 years ago

American Airlines’ board gets a thumbs down from its leading bondholders group

Airlines

American Airlines pushes for more control in a merger scenario with US Airways

It's smart for AMR's Horton to point out US Airways' own troubles, but then again he's the one who's CEO of a bankrupt ailine.

David Koenig, Associated Press | 11 years ago

American Airlines pushes for more control in a merger scenario with US Airways

Airlines

American Airlines sidesteps debt investigation and gets 30 extra days on restructuring plan

It was initially suspected that AMR was using the additional time to work behind the scenes with US Airways on a merger, but there's just as much of a chance that management is using the time to structure a standalone exit -- and reap the huge rewards.

Nick Brown, Reuters | 11 years ago

Airlines

Who’s willing to gamble $1 billion on Kingfisher’s unlikely rebound?

The airline’s restructuring plan, to be submitted to the government by year’s end, will make or break the airline as its employees and lenders have reached their wits’ end.

Skift | 11 years ago

Who’s willing to gamble $1 billion on Kingfisher’s unlikely rebound?

Airlines

South African budget airline strands hundreds of flyers after liquidation announcement

1Time Airline knew of its financial problems and should have cancelled flights and refunded tickets prior to grounding its entire fleet.

Associated Press | 12 years ago

South African budget airline strands hundreds of flyers after liquidation announcement

Airlines

American Airlines’ layoffs at maintenance plant larger than foreseen

American Airlines' bankruptcy is a numbers' game to cost-cutters, but it is changing the lives of some of the airline's now-former workers forever.

Kyle Arnold, Tulsa World | 12 years ago

Airlines

American Airlines debt holders blast CEO on transparency

The aggrieved hedge funds who wrote the letter believe American is intent on emerging from bankruptcy as a standalone company.

Skift | 12 years ago

Airlines

American Airlines asks judge for another month to get its restructuring plan ready

The delay points to a more likely coupling with U.S. Airways as AMR adjusts its plan to accomodate merger concerns as well as lingering labor issues with the pilots' union.

Andrea Ahles, Fort Worth Star-Telegram | 12 years ago