bankruptcy
Brazilian airlines’ bankruptcy: why filing for Chapter 11 in the United States is more convenient
The Brazilian aviation market was shaken this week with reports that Gol Linhas Aéreas, one of the country’s “big three” ...
Colombia: Viva Air, plagued by its financial situation, files for insolvency
On Friday, February 10, Viva Air announced that it has initiated the Business Recovery Process (PRE) within the framework of ...
Flyr declares bankruptcy and suspends all operations
If an uncertain future for Norwegian low-cost airline Flyr had been on the horizon for the past few weeks, the ...
Another one bites the dust: Thai AirAsia X formally initiates bankruptcy proceedings
The pandemic has altered the plans of the airline industry worldwide. One of the most affected regions is Southeast Asia, ...
Aeromexico finally emerges from bankruptcy and announced that it will invest more than US$5 billion
Grupo Aeromexico announced today that it has completed its financial restructuring process, officially exiting Chapter 11 of the U.S. Bankruptcy ...
LATAM shares fall nearly 20% in one day as rumors of a buyout intensify
This Friday 26 is the deadline for LATAM to present its reorganization program within the Chapter 11 process to which it ...
Avianca gets Court approval for its reorganization plan and expects to exit Chapter 11 by the end 2021
Avianca announced the confirmation of the Company’s Plan of Reorganization by the Southern District Court of New York, with which ...
Avianca’s Debtors Requests U.S. Court to Confirm Reorganizarion Plan
The Official Committee of Unsecured Creditors of Avianca Holdings S.A. (The Committee), by and through its undersigned counsel, submitted this ...
LATAM obtains an additional 750 million dollars in funding
In a new round (tranche B) of financing in its Chapter 11 saga, LATAM obtained a loan of up to ...
Court approves reorganization plan and Avianca nears the end of bankruptcy
The New York bankruptcy court approved Avianca Holgings SA to submit its reorganization plan to creditors for a vote, bringing ...
