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…