Lessor Nordic Aviation Capital (NAC) expects to exit Chapter 11 bankruptcy protection before the end of May following the approval of its restructuring plan by the Eastern District of Virginia Bankruptcy Court. NAC said on April 19 that it had received…
In a year of deep restructuring and debt-shedding, Philippine Airlines has turned a loss into a solid in 2021. The carrier reported a Ps 60.6 billion net profit after tax, compared to a Ps 73.1 billion loss in the previous year,…
The Latin American aviation market in March had five main stories: Aeromexico’s Chapter 11, LATAM’s Chapter 11, Avianca’s Airbus order book, Chile’s new terminal in Santiago de Chile, and Mexico’s new airport in Mexico City. Let’s take a look at…
Today Aeromexico announced it is emerging from its Chapter 11 bankruptcy process in the United States. Moreover, the airline announced it will receive US$1.5 billion in fresh equity from investors and that it will invest approximately US$5 billion in the…
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On January 11, the Mexican carrier Aeromexico got the approval of its restructuring plan from creditors. This approval will allow the airline to take one step closer to exiting Chapter 11 bankruptcy proceedings in the United States. Subscriber content –…