Tag: bankruptcy

Cirium reveals scale of Indian airline Go First as it declares bankruptcy. Cirium Data

Go First, previously known as GoAir, has recently filed for bankruptcy in India. As the airline suspends its operations, Cirium Data has revealed the scale of Go First's operations, showing the significant impact the airline's closure may have on India's aviation industry. According to Cirium ...

Cirium reveals scale of Norwegian airline Flyr as it declares bankruptcy

Flyr, a Norwegian airline, has declared bankruptcy, leaving many travelers and employees in uncertainty. The scale of Flyr's operation was revealed by Cirium, a leading aviation analytics company. The airline was set to serve 32 destinations across Europe in 2023, with its largest operation at...

Virgin Atlantic seeking Chapter 15 bankruptcy protection in the US

Virgin Atlantic seeking Chapter 15 bankruptcy protection in the US

Virgin Atlantic filed for bankruptcy in New York on Tuesday. While it scrambles to finalize a rescue plan with the aid of the UK court system the airline is seeking  protection under chapter 15 of the US bankruptcy code, which allows a foreign debtor to shield assets in the country. It is the s...

Jet Time files for bankruptcy

The airline Jet Time has filed for bankruptcy, but will re-emerge under the name Jettime A / S as a new Danish charter company. "I am convinced that post-coronavirus there is room for a strong, independent and profitable Danish charter airline that can serve Nordic charter customers. The charter ...

Norwegian’s pilot and cabin crew companies in Sweden and Denmark file for bankruptcy

Due to the ongoing spread of the Coronavirus (COVID-19) most countries have advised against or have banned non-essential travel. The closure of borders and quarantine restrictions has effectively brought the entire airline industry to a halt. Consequently, almost all of Norwegian’s flight operati...

Turkish air carrier AtlasGlobal goes bankrupt and ceases Operations

Turkish air carrier AtlasGlobal goes bankrupt and ceases Operations

Turkish airline Atlasglobal declared bankruptcy and suspend all its operations and told its personnel not to come to work on Thursday. General Coordinator of the airline Orhan Sancar shared the news on his Facebook page saying "Goodbye" with an image of AtlasGlobal aircraft. Mr. Sancar said...

Thomas Cook told to find an extra £200m to secure future

Thomas Cook told to find an extra £200m to secure future

Thomas Cook Group has been told by its lenders that it has to find an extra £200 million in extra funding to secure its future, putting the tourism operator at risk of collapse if the cash is not found. The cash-strapped operator had hoped that this week it would seal a rescue deal led by Fosun...

Aigle Azur cancels all flights from tomorrow

Aigle Azur cancels all flights from tomorrow

The last flights operated by cash-strapped French carrier Aigle Azur will take to the sky today (6 September) after the airline filed for bankruptcy. The carrier said owing to the French civil aviation authorities and the bodies of the judicial recovery procedure, Aigle Azur, which is in great e...

Aigle Azur to file for bankruptcy

Aigle Azur to file for bankruptcy

French airline Aigle Azur is to file for bankruptcy and enter into receivership due to a recent dispute between shareholders that resulted in "distrust and a deteriorating social climate". The airline said it is also facing financial difficulties, but added its aircraft will continue to fly in t...

.