October 4, 2024 12:34 pm ET
August 15, 2017 4:25 pm ET -
Air Berlin Files for Bankruptcy Following Etihad Airways Pull Out
On Tuesday, Air Berlin announced that they will be filing for insolvency after its main shareholder Etihad Airway said it would no longer provide financial support. The German-based carrier has been hit for months with disruptions to its flights, while it…
May 6, 2017 9:35 pm ET -
Alitalia Goes Bankrupt for the Third Time: Is This the…
On Tuesday, Alitalia announced that they have gone into administration following staggering losses within the carrier. The move to go into administration was formally approved by the Italian government and Alitalia shareholders. The Italian government is expected to give the…
January 22, 2015 9:34 am ET -
TBT In Aviation History: Remembering Northwest Airlines
Northwest Airways was founded in 1926 in Detroit, Michigan. Their main focus was to transport mail and established a route between Minneapolis and Chicago. During this early part of Northwest’s history, the airline focused on expanding to smaller cities in…