Articles tagged “bankruptcy”

The decision may save Go First. But it's aggravating for foreign partners who have leased aircraft to the carrier. Plus, more news from our daily roundup.

GoFirst's bankruptcy filing is not unexpected given the airline's ongoing financial struggles. However, the real question is whether the airline can recover from this situation, especially as the country is still awaiting the resurrection of Jet Airways.

Sometimes, bankruptcy is just what the doctor ordered. Thai Airways, Thailand’s largest airline, just stunned the aviation world with a striking 21 percent operating margin for the October-to-December quarter.

With the threat of bankruptcy gone, Brazil's Azul has a lot to look forward to.

Struggling Colombian budget airline Viva Air stopped flying late Monday, less than a month after it filed for the local equivalent of bankruptcy.

For now, SAS is focused on getting out of bankruptcy in clean financial shape, and hopes to be part of whatever larger European airline landscape emerges in coming years.

Mexican regional airline Aeromar closed its doors on Wednesday after it failed to reach a deal with creditors or secure new capital.

Although aviation executives have been bullish in recent weeks about the industry continuing to make significant progress in its recovery, Flyr's bankruptcy is a clear sign many airlines' financial challenges are far from over.

Scandinavian airline SAS is in bankruptcy after years of struggles. Edward Russell and Jay Shabat discuss how the carrier could still struggle to extract needed savings, particularly from aircraft lessors.