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A Norwegian 787-9 in Las Vegas. (Photo: AirlineGeeks | William Derrickson)

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 bankruptcy. Jacob Schram, Norwegian’s Chief executive said: “We have done everything we can to avoid making this last resort decision and we have asked 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…