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An Avianca A321 prepares for its next flight at LAX. (Photo: AirlineGeeks | William Derrickson)

Avianca Holdings Files for Chapter 11 Protection, Closes Peru Subsidiary

Avianca Holdings and some of its subsidiaries "voluntarily file[d]" for chapter 11 bankruptcy in the Bankruptcy Court of the Southern District of New York in the U.S., the airline announced on May 10. Avianca Holdings currently oversees a number of subsidiaries, the list of which includes Columbian airlines Avianca and Tampa Cargo, Ecuador-based Aerogal and Taca International Airline Group. The company stated that "invoking this process was necessary due to the unpredictable impact of the COVID-19 pandemic" and that "Avianca's…

French Carrier Aigle Azur Files for Bankruptcy

French carrier Aigle Azur has filed for bankruptcy following some turbulent months of financial difficulties and problems at the corporate level. The airline will continue flying under a period of observation, which the airline says shouldn’t affect its short term operations. Problems at the Paris-based carrier's boardroom arose after its…

Brazilian Government Suspends Avianca Brasil

The government of Brazil has suspended operations of the troubled Avianca Brasil. The decision came into effect on Friday, with the airline acknowledging the government's decision. The reason for the suspension was given as unspecified safety concerns. The airline has been in financial trouble for over a year. The Brazilian…

Avianca Brasil Auction Suspended by Sao Paulo Court

A court decision on Monday suspended the auction of Avianca Brazil assets which would help the airline pay its debt. Swissport AG, an aviation service company providing airport ground and cargo handling services, made the request to halt the auction. The company claims $4.3 million USD in debt by Avianca.…

Germania Becomes the Latest Carrier to File for Bankruptcy

Germania airline is the latest operator to cease operations following financial difficulties. The privately owned airline filed for bankruptcy on February 4 on behalf of itself and its technical services, immediately opting to cancel all of its flight. The airline was originally founded in 1978 under the name Special Air…

Alitalia Faces Further Challenges as Sale Deadline Looms

Italy’s national carrier Alitalia is facing new challenges as the Oct. 31 deadline approaches for the end of the sale process for the airline, which declared bankruptcy in 2017. The deadline for offers was delayed from earlier this year after the Italian general election failed to produce a clear winner…

Bidding for Hearts: A Look at the Air Berlin Auction

The remains of recently failed airline Air Berlin are now being auctioned off. The fleet has long been sold off to Lufthansa and Easyjet, but everything that was inside the planes is now up for grabs. This includes seats, galley carts, blankets, amenity kits, and of course, the famous Air…

Austrian Niki Declares Bankruptcy After Lufthansa Withdraws Bid

Austrian low-cost carrier, Niki, announced that it was filing for bankruptcy protection on Wednesday. A subsidiary of Air Berlin, who also went bankrupt this past August after Etihad Airways pulled the plug on its cash flow, Niki applied for protection in a Berlin court but stated that they would be…

PenAir Files for Chapter 11 Bankruptcy Following 62 Years of…

Anchorage, Alaska-based regional carrier, Peninsula Airways, commonly referred to as PenAir, has filed for Chapter 11 bankruptcy protection as of Sunday, August 6. Chapter 11 gives companies temporary protection from its creditors, giving them the opportunity to restructure their finances and organization. The airline, which is one of Alaska's largest…