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A Virgin Australia 777-300 rests at LAX before its next flight. As part of its restructuring, the airline is retiring its 777 fleet and halting long-haul routes.(Photo: AirlineGeeks | William Derrickson)

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 around six key points: overhauling the cost-based and simplifying operations; focusing on customer value; harnessing culture; investing in new digital and data technologies; building a strong balance sheet and focusing…

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…

Aeroméxico Denies Recent Bankruptcy Rumors

According to Businessinsider.mx, Aeroméxico transported 135,000 passengers in May, 92.4% less compared to the same month in 2019. The Mexican carrier did not escape the bad results and recently made a public statement in which it declared that during the past month the airline served 124,000 national travelers and 11,000…

Avianca and LATAM to Resume Operations in Ecuador Amid Bankruptcy…

After almost 3 months without any operations due to the COVID-19 pandemic, Avianca Ecuador resumed its domestic flights with 16 weekly frequencies between the cities of Quito, Guayaquil and Manta. According to the website ALNNEWS, the airline will resume its operations gradually, and in line with passenger demand for each…

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…

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…