Bankruptcy

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 737-700 and nine Embraer E-170-LR, […]

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 protection process in the United […]

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 motions made by LATAM. According […]

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 international passengers. During May, Aeroméxico […]

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 destination; while the resume of […]

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 Tampa Cargo, Ecuador-based Aerogal and […]

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 president Frantz Yvelin was evicted […]

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 […]