December 18, 2024 1:31 pm ET
December 4, 2023 6:30 am ET -
Ukraine International Airlines Begins Bankruptcy Proceedings
Ukraine International Airlines, the flag carrier of Ukraine, has entered bankruptcy proceedings after being sued by Ukreximbank, a Ukrainian state-owned bank. The move comes about a month after the airline began selling off assets below market value to pay off…
October 3, 2023 3:26 pm ET -
SAS Scandinavian Airlines Will Change Alliances
In July of last year, SAS Scandinavian Airlines entered court-supervised Chapter 11 bankruptcy proceedings. The well-established process left the airline operating almost as usual, handling the union crisis with the pilots. After more than a year, the company resurfaces with…
September 20, 2023 1:27 pm ET -
iAero Airways Files for Bankruptcy Protection
iAero Airways, previously known as Swift Air, has filed for Chapter 11 bankruptcy protection, Aero Crew News reports. The company is among the largest Boeing 737 charter airlines in the United States. iAero Airways was established in 2019 when iAero…
May 2, 2023 7:33 pm ET -
Indian Low-Cost Carrier Go First Files for Bankruptcy
Go Airlines of India, branded as โGO FIRSTโ has voluntarily filed for resolution and protections with the National Company Law Tribunal in New Delhi. The low-cost carrier has filed for the same under Section 10 of the Insolvency Bankruptcy Code…
February 15, 2023 9:20 pm ET -
Mexico: Aeromar Confirms Shutdown After Facing Financial Difficulties
Aeromar, a Mexican regional airline, has announced the cessation of its operations in a statement released on social media. The company cited "a series of financial problems" and "difficulty in closing viable agreements for its long-term operation" as the reasons…