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Articles tagged “bankruptcy”

Airlines

“King of Good Times” Vijay Mallya is $2 billion in debt and there’s an arrest warrant with his name on it

Mallya is now liquidating any and all of his assets to cover personal and business debts, but even if they are resolved and Kingfisher makes a turnaround, his reputation will likely never be repaired.

Tom Cary, The Daily Telegraph | 12 years ago

“King of Good Times” Vijay Mallya is $2 billion in debt and there’s an arrest warrant with his name on it

Hotels

Travelodge getting back on its feet after successful, short bankruptcy period

Travelodge has spent the last few years building audience loyalty despite the loss of revenue. Now the chain needs to deliver.

Patricia Kuo, Bloomberg | 12 years ago

Airlines

American Airlines’ CEO argues that, all things considered, they’re not doing too bad

Horton may not have employees or consumers on his side, but the numbers have kept American from turning into such a mess that it wouldn't be in a good position to be acquired.

Scott Mayerowitz, Associate Press | 12 years ago

American Airlines’ CEO argues that, all things considered, they’re not doing too bad

Airlines

Over a thousand workers will lose jobs when American Airlines closes Fort Worth facility

The cost-cutting measure is just one part of American's penny pinching and include plans to eliminate nearly one thousand more jobs at other maintenance locations.

Associated Press | 12 years ago

Airlines

American Airlines will have its house in order — or be owned — by the end of the year

If its creditors have any say in the matter, American's years of dirty dealing with its unions is going to end up forcing it to sell to an airline that's charmed its labor groups. Insert something about karma here.

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

Airlines

American Airlines negotiating financing package with debtors for bankruptcy exit

Matter of course for such large bankruptcies, but will help AA get on a stronger footing to negotiate its eventual possible merger with US Airways.

Skift | 12 years ago

Airlines

Regional airlines become endangered as service to smaller airports gets cut

Major airlines have cut regional routes as mergers reduce competition and the lines choose to phase out inefficient 50-seater jets. But shutting down smaller carriers means fewer airports for small town USA.

Skift | 12 years ago

Online Travel

Online travel agency Express Bookers to close immediately due to insolvency

The UK company ceased trading today and advised customers with hotel bookings that they’ll have to rebook, although travelers with airline tickets should still be able to travel.

Skift | 12 years ago

Airlines

Federal safety regulators looking to fine American Airlines $162 million

The FAA is filing the largest combined penalty ever to be brought against an airline, but the claim may have more to do with the federal agency ensuring they are paid during AMR's restructuring than the implied safety breaches.

David Koenig, Associated Press | 12 years ago

Airlines

US Airways may not be the solution, but American Airlines definitely has a problem

American Airlines has one of the world's most toxic management-labor relationships; one that can't be solved by bankruptcy restructuring or other window dressing.

D.R. Stewart, Tulsa World | 12 years ago

US Airways may not be the solution, but American Airlines definitely has a problem