Bankruptcy

Spirit is filing for bankruptcy after years of quarterly losses and mounting debt, the budget carrier announced on Monday.

Spirit is in advanced talks with bondholders over a potential bankruptcy filing, a Wall Street Journal report said on Tuesday.

GOL Airlines, a Brazilian carrier, has filed for Chapter 11 bankruptcy in the United States, following in the footsteps of other Latin American airlines.

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 its debts, which total $568 million. The airline paused commercial passenger operations after Russia invaded […]

Following two other major consolidation moves in Europe, Air France-KLM, a member of SkyTeam, will take an equity stake in SAS Scandinavian Airlines.

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 acquired Swift Air. The company offers charters, ACMI leasing, and cargo flights on behalf of […]

Go Airlines of India, branded as “GO FIRST” 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 (IBC). The 55-aircraft-strong carrier had to take the step owing to financial and operational problems […]

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 behind the decision to discontinue its services. Earlier on February 15, Mexico City International Airport […]

After only 19 months of operations, Norwegian low-cost airline Flyr has been forced to suspend all its operations and plans to file for bankruptcy. “Flyr was unsuccessful with the new financial plan and the board concluded on Tuesday evening that there are no alternatives for further operation. The company will file for bankruptcy on Wednesday […]

From April 1, LATAM Ecuador will start a new route between Quito, Ecuador and Bogotá, Colombia with a frequency of 5 weekly flights. This new route that will link the 2 South American capitals will operate on Mondays, Tuesdays, Wednesdays, Fridays and Sundays. LATAM Ecuador’s CEO, Mónica Fistrovic, guaranteed that this new route will stimulate […]