Reading Time: < 1 minute Yet another major airline files for bankruptcy over collapse in demand and difficulties in financial survival: LATAM Airlines Group, the biggest airline in Latin America, has filed for Chapter 11 bankruptcy. The airline said in a statement that the process will not affect its operations, employees and cargo flights. “We are looking ahead to a […]

Reading Time: < 1 minute Avianca Holdings S.A., Colombia’s national carrier, has filed for Chapter 11 bankruptcy protection in the United States court. One of the oldest airlines in the world aims to reorganise its business to continue operations. According to a statement, the “filing was necessitated by the unforeseeable impact of the COVID-19 pandemic”. Although Avianca is the second […]

Reading Time: 2 minutes The major crisis in aviation provoked by the coronavirus pandemic has brought the industry to almost a halt. Global travel restrictions, most of aircraft grounded, flights limited to only essential services. Airlines supported by respective governments are making all the efforts to stay afloat and come out of this crisis at least able to re-launch […]

Reading Time: < 1 minute The fate of Aigle Azur, the second largest carrier in France, is decided. After a French commercial court came to the conclusion that any of the rescue offers were suitable to recover Aigle Azur, the airline was put into liquidation. The airline was placed in receivership in the beginning of September following the growing financial […]

Reading Time: < 1 minute XL Airways, a French airline specializing in long-haul flights, has suspended tickets’ sale reporting financial problems. Yet another European airline on the verge of collapsed. XL Airways operates a fleet of four Airbus A330 widebodies. For some time already the airline has been in search for potential buyers, although unsuccessfully. “Due to its financial difficulties, […]

Reading Time: < 1 minute Aigle Azur, the French airline founded 73 years ago, is about to file for bankruptcy. The airline has been placed in receivership and is open to offers from buyers. Even though the airline has entered severe turbulence, operations will continue. Reportedly, such an outcome has followed a dispute with one of shareholders who attempted to […]

Reading Time: 2 minutes Germania, an independent German airline based in Berlin, has filed for insolvency and cancelled all its flights. In the end of January, 2019, the airline announced about successful negotiations on financing issues, however, did not come up with a workable solution. “Unfortunately, we were ultimately unable to bring our financing efforts to cover a short-term […]

Reading Time: < 1 minute VLM Airlines Brussels, a former subsidiary of VLM Airlines NV based in Brussels, Belgium, has filled for bankruptcy, being unable to secure enough funds to survive the winter period 2018/2019. As for now, VLM Airlines Brussels was operating a single Airbus A321. Earlier this year the airline’s fleet consisted of two more A320s, former belonging […]

Reading Time: < 1 minute Avianca Brasil, the fourth largest airline in Brasil, filed for bankruptcy protection on Monday after three aircraft lessors sued the carrier for return of close to 30% of its all-Airbus fleet of about 50 aircraft. According to Avianca Brasil statement, the bankruptcy filing came a result of a failure to reach a “friendly settlement.” Avianca […]

Reading Time: < 1 minute Romania’s Blue Air-led consortium has been declared as the successful bidder in the tender for the acquisition of Moldova’s debt-ridden national carrier Air Moldova, the airline’s current owner Public Property Agency has revealed. The winning consortium, known as the Civil Aviation Group, was reportedly the only bidder for the struggling airline and is now due […]