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According to a statement from liquidator Karl Wüthrich, SAirGroup's bankruptcy proceedings are nearing completion. It was published in the official gazette that around 2,8 billion Swiss francs were due to be distributed to creditors. Swissair was once a proud one
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 Indian low-cost airline Go First has not been able to operate a single flight for over six months. No buyer could be found during the regular deadlines of the insolvency proceedings. Now the carrier has been granted an additional reprieve. Go
The EU Commission has ruled that a €2019 million government loan granted to Alitalia in 400 was also illegal. The competition authorities ordered that Italy must reclaim the money. The
SAS Group has filed for Chapter 11 bankruptcy in the United States. It is the parent company of the operating airline SAS Scandinavian Airlines. According to the company, the procedure should have no impact
On June 28, 2022, the airline CSA Czech Airlines was able to exit the restructuring procedure that had been in place since March 10, 2022. The competent court declared this to be completed by order. In the course of
The district court of Hamburg opened insolvency proceedings against the virtual airline Tel Aviv Air GmbH under reference number 67h IN 96/22. According to the compulsory announcement by the court, the proceedings were started on May 12, 2022 at 12:XNUMX p.m
The German regional airport Friedrichshafen aims to be able to exit the insolvency proceedings under self-administration by the end of March 2022. Meanwhile, the EU Commission approved the aid subject to conditions. There was a green light for a total of 17,5 million euros.
Frankfurt-Hahn Airport is experiencing a financial downturn. Official insolvency proceedings have now begun for several companies in the Frankfurt-Hahn Airport Group. Flight operations are to be continued in February. The insolvency administrator is the Frankfurt lawyer Jan Markus Plathner. One
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