Bankruptcy – Aero-News Journal

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Spirit Passengers Rescued: Major Airlines Launch Emergency Fares After Budget Giant Shuts Down

May 4, 2026 Aero-News Journal

AeroNewsJournal Washington, DC, May 4 – In a sudden blow to the low-cost airline sector, Spirit Airlines ceased all operations on May 2, 2026, after 34 years of service, leaving…

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Global Airlines Seek Joint Ventures with Gol in Wake of Brazilian Bankruptcy

January 22, 2025 Aero-News Journal

Brazilian airline Gol, which has been navigating through Chapter 11 bankruptcy proceedings, is reportedly in discussions with several global airlines to secure investments as part of its strategy to exit…

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Go First Airline Faces Liquidation Following Tribunal Order

January 21, 2025 Aero-News Journal

In a significant development within India’s aviation sector, the National Company Law Tribunal (NCLT) has ordered the liquidation of Go First Airlines, marking the end of the budget carrier’s struggle…

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Garuda Indonesia files for Chapter 15 U.S. bankruptcy procedure

September 27, 2022 Aero-News Journal

Flag carrier Garuda Indonesia has requested that a court in New York recognise the airline’s recent debt restructuring deal in a Jakarta court, under Chapter 15 of the U.S. Bankruptcy…

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U.S. bankruptcy court approves LATAM Airlines restructure plan

June 19, 2022 Aero-News Journal

A U.S. court has approved LATAM Airlines Group SA’s bankruptcy reorganization plan, the region’s largest air transport group said on Saturday. The U.S. bankruptcy court for the southern district of…

airlines Bankruptcy Finance LATAM Latin America

LATAM Airlines seeks bankruptcy court approval for $2.75 billion in exit loans

June 15, 2022 Aero-News Journal

LATAM Airlines Group SA, the largest air transport group in Latin America, on Monday asked a bankruptcy judge to approve $2.75 billion in new loans to fund the company’s exit…

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Spirit Passengers Rescued: Major Airlines Launch Emergency Fares After Budget Giant Shuts Down

Global Airlines Seek Joint Ventures with Gol in Wake of Brazilian Bankruptcy

Go First Airline Faces Liquidation Following Tribunal Order

Garuda Indonesia files for Chapter 15 U.S. bankruptcy procedure

U.S. bankruptcy court approves LATAM Airlines restructure plan

LATAM Airlines seeks bankruptcy court approval for $2.75 billion in exit loans

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Category: Bankruptcy

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