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Canadian low-cost airline Lynx Air will cease operations on Monday, February 26, 2024. At the same time, it was announced that creditor protection proceedings had been filed with the responsible court. “There has been a lot of work in the last two years
The SAS Group assumes that it will be able to exit the Chapter 11 proceedings in the United States of America during the first half of 2024. This is done, among other things
A few days ago, the airline Air Belgium had to register restructuring proceedings with the responsible commercial register court in Belgium. They have now received the green light and are allowed to continue business operations under creditor protection until January 22, 2024. Since
Air Belgium, based in Charleroi, Belgium, has canceled all passenger flights effective October 3, 2023. In the future, the company wants to concentrate on providing freight and ACMI activities. Furthermore, on September 18th
On May 2, 2023, the airline Air Moldova had to file for bankruptcy protection proceedings under the law of the Republic of Moldova. Flight operations are still suspended indefinitely. Air Moldova has been known for a long time
The low-cost airline Viva Colombia had to apply for bankruptcy protection proceedings under Colombian law due to the severely tense financial situation. Only a few days ago it became known that the route network had to be cut due to lack of money. Actually you want to compete with the competitor
The Latam Group was able to complete the insolvency proceedings in the USA. The carrier registered this in the wake of the corona pandemic in May 2020 in order to be able to comprehensively reposition itself. The company failed the debt
Nordic Aviation Capital, a heavyweight leasing company in the area of regional airliners, has had to file Chapter 11 bankruptcy protection in the United States. The continuation of the company is planned. NAC is one of the greatest lessors
The corona pandemic has found another victim in Philippine Airlines. The carrier announced that it will, among other things, register a Chapter 11 procedure in the United States of America. In your home country you also become a comparable one
The insolvency court responsible for the low-cost airline Mango will not decide on the future fate of the carrier until Friday, August 6, 2021. The South African High Court in Johannesburg announced that the parties would do so
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