Bankruptcy

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 […]