Brazil’s Azul Files For Bankruptcy
Azul Brazilian Airlines is filing for Chapter 11 bankruptcy protection in the U.S. as it works to reduce its high debt load.
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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 […]
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 Swedish subsidiaries have filed for […]
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 the filing. Ultimately, the carrier […]
