Bankruptcy

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 civilian aviation agency, the ANAC, […]

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. The company claims $4.3 million USD in debt by Avianca. BR Distribuidora, a subsidiary of […]

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 was originally founded in 1978 under the name Special Air Transport, or SAT, in Cologne […]

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 the Italian general election failed to produce a clear winner and a coalition government was […]

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 carts, blankets, amenity kits, and of course, the famous Air Berlin chocolate hearts every passenger […]

Austrian low-cost carrier, Niki, announced that it was filing for bankruptcy protection on Wednesday. A subsidiary of Air Berlin, who also went bankrupt this past August after Etihad Airways pulled the plug on its cash flow, Niki applied for protection in a Berlin court but stated that they would be carrying out bankruptcy procedures under […]

Anchorage, Alaska-based regional carrier, Peninsula Airways, commonly referred to as PenAir, has filed for Chapter 11 bankruptcy protection as of Sunday, August 6. Chapter 11 gives companies temporary protection from its creditors, giving them the opportunity to restructure their finances and organization. The airline, which is one of Alaska’s largest regional air carriers and has […]