November 1, 2020 9:39 pm ET
September 6, 2020 7:53 am ET -
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…
August 6, 2020 9:00 am ET -
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.…
August 4, 2020 5:48 pm ET -
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.…
July 25, 2020 3:07 am ET -
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…
July 11, 2020 6:13 am ET -
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…