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...
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...
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