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Tag: creditors

Ailing Avianca’s plan to sell airport slots might be rejected

editor editor- April 8, 2019 21:12

Avianca 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 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 Chief Assignment Editor- March 11, 2019 17:30

Azul 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 Juergen T Steinmetz- December 9, 2018 14:49

A 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 editor- April 22, 2013 05:16

NEW 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 editor- March 1, 2012 09:05

There 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 editor- September 21, 2010 05:53

ORLANDO, 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 editor- August 30, 2010 01:56

Aer 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