Court approved Aeromexico’s Chapter 11 plan
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Aeromexico’s Chapter 11: a battle with unsecured creditors
Aeromexico’s Chapter 11 has had a battle with unsecured creditors in the last few weeks. The Mexican carrier, Delta Air Lines, and Apollo Global Management have faced pressure and accusations from creditors urging the court to reject Aeromexico’s Reorganization Plan…
Philippine Airlines exits Chapter 11 on high hopes
Exactly as planned, Philippine Airlines has emerged from Chapter 11 bankruptcy protection within four months of entering. The airline completed its restructuring on December 31, 2021, after having filed for voluntary bankruptcy protection with the New York Southern District Court on September…
COVID-crisis forces lessor NAC to file for Chapter 11
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Avianca Exits Chapter 11
The wait is over; today, Avianca exits Chapter 11. The South American carrier announced it has successfully achieved agreements with its creditors, raised fresh investments of US$1.7 billion, and obtained approval for its plan of reorganization . Avianca will emerge “with…
The Dispute Between Aeromexico And Unions Might Jeopardize Its Chapter 11
Aeromexico is on the spot. It has until January 7 to reach four agreements with four different labor unions as part of its Chapter 11 reorganization. The Mexican airline is already on extra time since the original deadline was December…