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An Aeromexico 737-800 departs from LAX (Photo: AirlineGeeks | William Derrickson)

Aeromexico Chooses Chapter 11 Restructuring as COVID Battle Rages On

Aeromexico parent group, Grupo AeroMexico SAB., has voluntarily opted to further its restructuring via the Chapter 11 bankruptcy process, the company reported on Tuesday. This comes as other Latin American carriers struggle to restructure themselves in the wake of the COVID-19 epidemic. Aeromexico has faced competition from rising names such as InterJet and Volaris, who have risen in the wake of Mexicana’s bankruptcy in 2010. However, those carriers have now joined AeroMexico in the struggle to reduce excessive spending as…

Norwegian Scandinavian Subsidiaries File for Bankruptcy

It’s no secret that over the past few years Norwegian has been standing on a very thin rope, accumulating losses, seeking additional cash injection and restructuring routes in order to stay afloat. As COVID-19 hardly hits the global aviation year as no event in the past century; Norwegian’s Danish and…

Avianca Brazil Files for Bankruptcy

With an impending fleet loss of 20 percent of its aircraft, Aviance Brazil has filed for bankruptcy. A Reuters report issued over the weekend claimed that a Brazilian court threatened to take away 20 percent of Avianca Brasil’s fleet due to failures to pay debts to the aircraft lessors, the catalyst to…