June 25, 2020 8:00 am ET
May 26, 2019 12:23 pm ET -
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…
May 8, 2019 8:08 pm ET -
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.…
February 5, 2019 4:32 am ET -
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…
October 6, 2018 10:00 am ET -
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…
January 21, 2018 12:30 pm ET -
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…