Tag: voluntary administration

Aeromexico Files for Chapter 11 Bankruptcy in the US

Reading Time: < 1 minute Aeromexico has become the latest Latin American airline to face huge financial problems amid the crisis provoked by the coronavirus pandemic and begin restructuring under the Chapter 11 process. In order to secure future and emerge as a stronger player, the airline announced that it is utilizing the Chapter 11 process, which allows companies to […]

Coronavirus Sends Air Mauritius into Voluntary Administration

Reading Time: < 1 minute The crisis created by the coronavirus pandemic has little pity on airlines. Yet another airline has confirmed that it has gone into voluntary administration due to the lack of financial abilities to stay afloat. This time it is Air Mauritius. In a statement on its social media the company said that in January the airline […]