December 4, 2023 6:30 am ET
February 15, 2023 9:20 pm ET -
Mexico: Aeromar Confirms Shutdown After Facing Financial Difficulties
Aeromar, a Mexican regional airline, has announced the cessation of its operations in a statement released on social media. The company cited "a series of financial problems" and "difficulty in closing viable agreements for its long-term operation" as the reasons…
February 1, 2023 11:22 am ET -
Norwegian Low-Cost Airline Flyr Declares Bankruptcy
After only 19 months of operations, Norwegian low-cost airline Flyr has been forced to suspend all its operations and plans to file for bankruptcy. “Flyr was unsuccessful with the new financial plan and the board concluded on Tuesday evening that…
March 23, 2022 6:00 am ET -
LATAM Ecuador Adds New Route in South America
From April 1, LATAM Ecuador will start a new route between Quito, Ecuador and Bogotá, Colombia with a frequency of 5 weekly flights. This new route that will link the 2 South American capitals will operate on Mondays, Tuesdays, Wednesdays,…
February 3, 2022 6:30 am ET -
Aeroméxico Plans for Bankruptcy Exit
In 2020, Aeroméxico voluntarily entered the Chapter 11 process for financial restructuring to be able to face the billionaire debt that reached up to $5 billion. The Mexican carrier has debts with banking institutions, airport groups, Mexican government entities and…
January 6, 2022 9:04 am ET -
Philippine Airlines Exits Chapter 11 Bankruptcy
Just a few hours before one of the worst years on record for commercial aviation came to a close, Philippine Airlines announced it was exiting U.S. Chapter 11 bankruptcy protection after successfully restructuring its business. Less than four months earlier,…