Online Travel
EbixCash Says Parent Company’s Bankruptcy Won’t Affect Operations
While it's business as usual for EbixCash, it remains to seen if this will further delay the company's IPO launch.
Articles tagged “chapter 11”
Airlines
Scandinavia’s SAS Files for Bankruptcy Protection in the U.S.
Scandinavian airline SAS has voluntarily filed for chapter 11 bankruptcy protection in the U.S., to try and secure time and flexibility to reorganize its capital structure, reduce costs, and complete…
Airlines
Latam, Aeromexico Face Allegations of Coercive Tactics in Bankruptcy Restructurings
Aeromexico's and Latam's plans to exit U.S. Chapter 11 bankruptcy protection are becoming increasingly fraught as creditors fight over who is getting favorable treatment. The fights complicate the recovery plans of two of Latin America's largest international airlines.
Business Travel
Corporate Travel Giant CWT to File for Chapter 11 Bankruptcy Protection
The travel agency joins Hertz, Worldstrides and several airlines in taking this particular route to weather the financial storm caused by the pandemic.
Ground Transport
Hertz Looks to Travel Investor Certares to Lead It Out of Bankruptcy in $4.2 Billion Reorganization
It will certainly be a challenge to transform Hertz's business. However, the car rental company is not only getting a financial lifeline, but also an assist from private equity firm Certares' wide-ranging travel rollup strategy. This will be a long-term play.