Tag: creditors
Ailing Avianca’s plan to sell airport slots might be rejected
editor- April 8, 2019 21:12Avianca is the fourth largest airline in Brazil, and it has been in judicial recovery since December of last year with debts of approximately R$500 million. A new plan approved ... Read More
Any WOW Air reservation may not materialize: Airline has major problems
Juergen T Steinmetz- March 25, 2019 21:59"Bummer that WOW Air is potentially going under - had a very flawless experience with them. But does this mean fewer tourists in Iceland?", a disappointed passenger posted to twitter. ... Read More
Azul to buy Avianca Brasil’s assets
Chief Assignment Editor- March 11, 2019 17:30Azul S.A, the largest airline in Brazil by number of departures and destinations, announces today that it has signed a non-binding agreement with Avianca Brasil to acquire certain assets of ... Read More
What Marriott told victims of massive security crime? Transcript of an email to hotel guests
Juergen T Steinmetz- December 9, 2018 14:49A massive database breach was reported by Marriott Hotels and Resorts at their Starwood brand on November 30. In the meantime, Marriott Security procedures had been in the global spotlight ... Read More
Kingfisher must clear debts before it is allowed to fly again
editor- April 22, 2013 05:16NEW DELHI, India - It is unlikely that Kingfisher Airlines will be able to restart operations any time soon. Read More
Refunds to passengers of Air Australia likely to “be nil”
editor- March 1, 2012 09:05There are fears some passengers will never get their money back after the revelation collapsed budget airline Air Australia owes creditors up to $90 million. Read More
Ultimate Escapes files for bankruptcy protection
editor- September 21, 2010 05:53ORLANDO, Fla. - Ultimate Escapes, Inc. today announced that it had filed for protection under Chapter 11 of the U.S. Read More
Irish airline Aer Arann files for court protection
editor- August 30, 2010 01:56Aer Arann, one of the Ireland's best known companies, has filed for court protection from its creditors as the company tries to rescue their ailing business. Read More