Articles tagged “bankruptices”

Online Travel

Travelport Dodges Bankruptcy Thanks to $500 Million Pact With Lenders

Travelport's backers have won their feud with lenders. Now Siris Capital and Elliott Management's asset management arm need to defeat payment firm Wex in court over a disputed eNett sale.

Sean O'Neill, Skift | 4 years ago

Travelport Dodges Bankruptcy Thanks to $500 Million Pact With Lenders

Online Travel

Intelsat Makes $400 Million Bid for Gogo’s In-Flight Wi-Fi Service From Bankruptcy

New owner Intelsat will need to invest in Gogo's internet services. Airline customers like Delta are impatient with Gogo's capacity to meet their needs.

Sean O'Neill, Skift | 4 years ago

Intelsat Makes $400 Million Bid for Gogo’s In-Flight Wi-Fi Service From Bankruptcy

Airlines

Bankrupt LATAM Airlines Took a $1.7 Billion Q1 Impairment Due To the Pandemic

The first quarter of 2020 was impairment season for global travel companies, and LATAM chipped in $1.7 billion. For some travel industry firms, the second quarter will likely be worse.

Fabian Cambero, Reuters | 4 years ago

Bankrupt LATAM Airlines Took a $1.7 Billion Q1 Impairment Due To the Pandemic