Beleaguered Spirit Airlines is contemplating a pre-planned Chapter 11 bankruptcy filing to restructure its $3.3 billion in debt. The company faces an October 21st deadline under covenants with its credit card processor, and will need to restructure to maintain credit…
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This year marked the end of an obscure era for Aeromexico and LATAM Airlines, two of the largest South American companies. Both airlines emerged from Chapter 11 bankruptcy after lengthy and painful processes, which began in 2020, at the zenith…
On November 3, 2022, LATAM Airlines Group emerged from Chapter 11 bankruptcy protection. The airline spent two and half years reorganizing, downsizing costs and debt, and overall improving the company’s bottom line for years to come. LATAM emerges from bankruptcy…
We have a date: LATAM Airlines will exit its Chapter 11 process in the first week of November, the company said on Wednesday. Once LATAM emerges from the bankruptcy process in the United States, all three Latin American airlines to…
ExpressJet Airlines today filed for bankruptcy