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Alitalia's inaugural flight to Washington Dulles International Airport pulls into the gate (Photo: AirlineGeeks | Ben Suskind)

Alitalia To Sell Assets To New State-Owned Company

The process to rescue the fledgling Italian flag carrier Alitalia as a state-owned carrier realized a decisive step forward on Oct. 29 when the newly-formed company founded to take over all the activities from the “old Alitalia” was formally registered, Italian newspaper Corriere della Sera reports. The new company is called “ITA – Italia Trasporto Aereo S.p.A.” and has been established with an initial capital of 20 million euros ($23.3 million), but will receive a cash injection of up to…

Avianca Holdings Receives US Court Approval to Access $2 Billion…

Avianca Holdings announced that it has received approval from the U.S. Bankruptcy Court for the Southern District of New York to access its Debtor-In-Possession (DIP) financing totaling just over $2 billion. “The approval of the DIP financing package is a significant milestone and an important step forward for Avianca. We…

Aeroméxico To Increase Its Operations in October

The month of October will see Aeroméxico operate about 30% more international flights compared to September. With this increase in its operations, the carrier will be operating to 28 destinations in the United States, Canada, Central and South America, the Caribbean, Europe and Asia. The Mexican airline made public an announcement,…

LATAM Shows Steady Recovery Despite Financing Struggles

LATAM Airlines reported on Monday its preliminary operating results for the month of August 2020, which demonstrate steady progress in the gradual recovery of the airline's network in both the domestic and international markets. The group operated at 13.9% of its capacity – measured in ASK – compared to August…

Aeromexico Restarts More Flights, Achieves 75% Recovery

Aeromexico announced that for this month it will maintain an increase in its operations from 25 to 39 domestic destinations and will achieve almost 75% recovery in domestic flights compared to September 2019. In a statement, the airline reported that it will have almost 150 departures per day serving more…

Virgin Australia Reveals Major Restructuring Plan for the Future

On Wednesday Virgin Australia announced its restructuring plan after filing for voluntary administration in April, the airline revealed in a press release. The carrier is resetting itself to meet the drop in demand both in Australia and around the world. Through its review, the airline has anchored its recovery plan…

Virgin Atlantic Declares Bankruptcy as Part of Restructuring

Virgin Atlantic filed for Chapter 15 bankruptcy in New York on Tuesday, becoming the latest airline — and the second from Virgin Group — to file for bankruptcy protection, Business Insider reports. Virgin Australia filed for voluntary administration in April. Virgin Atlantic originally suspended passenger operations in April. It flies…

U.S. Court Authorizes Aeroméxico to Return 19 Leased Aircraft

According to Financial Post, a U.S. judge has granted Mexican airline Aeroméxico the right to return at least 19 leased aircraft and 4 engines as part of its bankruptcy restructuring process, according to court documents published on Thursday. The aircraft that will be returned are five Boeing 737-800, five Boeing…

LATAM Airlines Brazil Unit Joins Chapter 11 Bankruptcy File

As the New York Times published on Thursday, LATAM Airlines Group, announced it will be adding its unit in Brazil to the debt restructuring process. The company said the proposal still required approval from the U.S. Court. LATAM also announced it would add its unit in Brazil to the bankruptcy…

LATAM Group Requests Return of 65 Aircraft to Its Lessors…

This week saw the second court hearing take place regarding the debt restructuring process under the protection of Chapter 11 of the United States Bankruptcy Law filed by LATAM Airlines Group. Judge James L. Garrity, from the Bankruptcy Court for the Southern District of New York agreed to the 25…