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There are official reports that there are two interested parties for a possible takeover of the insolvent low-cost airline Go First. These are Sky One and Spicejet. The first mentioned company is based in the United Arab Emirates and
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 EU Commission has declared state aid paid in the past to the insolvent low-cost airline Blue Air to be illegal. It was ordered that Romania must recover approximately 33,85 million euros plus interest. However, it is
It has been known for a few days that the Brazilian low-cost airline Gol is having massive financial problems. Chapter 11 proceedings have now been filed in the United States of America. The application was filed in the United States Bankruptcy Court for
The airline Air Belgium has been given a four-month extension by the responsible court in order to reach an agreement with the creditors. This is reported by the Belgian media, citing an internal employee circular. Actually it would be
The Romanian aviation supplier Romaero is in bankruptcy proceedings. The corresponding application was submitted to the responsible court in Bucharest before Christmas 2023. Proceedings have now been opened and an insolvency administrator has been appointed. Romaero was once
The Indian low-cost airline Spicejet has been in a constant financial crisis for many years and is repeatedly confronted with lessors confiscating aircraft and/or creditors filing for bankruptcy against the company. Now they are targeting the insolvent competitor
Bankruptcy proceedings were opened against the airline Ukraine International Airlines on November 22, 2023. This was preceded by an application from a state bank that was filed against the company. Recently it became known that Ukreximbank was suing at the Commercial Court
The next few days and weeks are likely to be crucial for the future of Marabu partner Nordica, because not only is the company in massive financial trouble, but the Estonian government is ruling out financial aid. You want the company
A bankruptcy petition was filed against the airline Ukraine International Airlines by the state-owned Ukreximbank. It was previously announced that the company's assets had gone under the hammer. The carrier's financial position was already in decline
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