bankrupt

Industry experts are analyzing what Spirit’s recent bankruptcy filing could mean for the carrier and the market at large.

Spirit has reportedly engaged in talks with bondholders and other creditors to support a Chapter 11 filing for “reorganization” bankruptcy.

After a failed attempt at soliciting bids for Go First, the airline’s lenders are now considering a liquidation bid. This makes the airline’s return increasingly unlikely.

Jet Airways has provided an update on how far it has progressed in resuming operations. After a new set of promoters – the Jalan-Kalrock Consortium – injected capital into the bankrupt airline, the carrier’s second stint is anticipated to begin this year. Jet officials are working to obtain the essential clearances and are optimistic that […]

After failing to secure additional funding, the largest and oldest tourist broker Thomas Cook has ceased operations on September 23,  setting an end to almost 180 years of history and tradition. Even though the group’s social media channels kept reassuring that operations would continue as normal, the CAA, the U.K.’s aviation authority, began preparations for […]

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 has been going through several restructuring efforts. The carrier has built up a tab of more […]

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 airline 600 million Euros to continue operating flights while a refinancing and restructuring take place, […]

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 the Midwest, with a route to Calgary becoming the airlines first international destination in 1928. […]