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 –…
TAP Portugal can continue its restructuring plans now that the European Commission has approved €2.55 billion in state aid the carrier from the Portuguese government. The Commission also ruled positively over a combined €178.5 million in Covid-aid. Brussels approves state…
Subscriber content – Sign in Subscribe
On Friday, November 26, LATAM Airlines Group took a step forward towards exiting the Chapter 11 bankruptcy process. The carrier filed in extremis the plan, outlining the financial highlights that will allow it to recover fully from the COVID-19 pandemic…
AirAsia X has hit out at critics in a strongly-worded statement, after creditors to the long-haul, low-cost carrier overwhelmingly approved a debt restructuring plan. The carrier’s 12 November statement, desrcribed the restructuring as a “wide and deep reset,” and is…
Yesterday, the US Court approved Avianca’s reorganization plan, setting up everything for the airline to have a successfully complete reorganization and emerge from Chapter 11 before the year ends. Avianca’s Chapter 11 goes forward Avianca is the first among the…