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An Interjet SSJ100 at DFW (Photo: AirlineGeeks | William Derrickson)

Amid Lawsuit, Interjet Faces Grim Future

After the Mexican low-cost carrier (LCC) Interjet announced that it will not be operating any flights from Dec. 18, the bad news keeps coming for the airline. As announced, Interjet doesn’t have the funds to pay for jet fuel and its employees are now owed over three months of unpaid wages and benefits. At present, the airline owes nearly six months’ worth of social security employee contributions, $131.3 million in unpaid fuel bills and $151.4 million in unpaid taxes. So…

Emirates To Receive $2 billion State Aid Package

In the midst of massive layoffs and reorganizations of aircraft orders, Emirates has secured a bailout that will give the company some momentary peace of mind. An aid package of 7.3 billion dirhams, or about $ 2 billion, was granted to Emirates by Dubai's government, which further reported in a…

LATAM Airlines Files for Chapter 11 Bankruptcy

In a communication addressed to the Chilean Financial Market Commission (CMF), LATAM Airlines Group has announced that it will voluntarily file to reorganize under Chapter 11 protection of the United States Code. The requested restructuring involves subsidiaries in Chile, Colombia, Peru, Ecuador, the United States of America, the Cayman Islands…