Articles tagged “chapter 11”

News Blog

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 a financial restructuring under the supervision of the U.S. court system. SAS expects to complete its court-supervised process in the U.S. in 9-12 months. The airline…

Peden Doma Bhutia | 1 year ago

Airline Weekly

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.

2 years ago

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.

Matthew Parsons | 2 years ago

Airline Weekly

Philippine Airlines Aims for Pre-Packaged 6-Month Bankruptcy Restructuring

2 years ago

Airline Weekly

Aeromexico Shrinks Through Bankruptcy With Deal to Slash Boeing Orders

3 years ago

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.

Dennis Schaal, Skift | 3 years ago