Articles tagged “bankruptcy”

Just months ago, Spirit CEO Ted Christie said the budget carrier was not considering a chapter 11 bankruptcy.

If you've ever sailed past Niagara Falls or toured a city on a sightseeing bus, you may have thought, "This is nice and all, but I wish there was something more." Tour operator Hornblower plans to fix that.

Selina billed itself as a pioneer in the "digital nomad" hospitality sector. But it can no longer avoid insolvency. Its woes can be partly traced back to its ill-fated SPAC merger in October 2022.

Spirit’s CEOs comments come as S&P downgraded the carrier’s credit rating earlier this week, potentially hurting its ability to refinance its debt. The carrier has $1.1 billion in debt set to mature in September 2025.

You can expect that some of Frontdesk's rivals will move in to buy some of its remains.

While it's business as usual for EbixCash, it remains to seen if this will further delay the company's IPO launch.

SpiceJet's bid to acquire GoFirst signals a strategic move to strengthen its market position. However, the carrier's own operational and financial hurdles may pose integration challenges.

Brazil is a huge market, as are airline tickets, for Despegar. A rival with an alleged Ponzi scheme for selling airline tickets wasn't really fair competition.

As a Booking.com survey shows, the travel industry has far to go before it can truly claim inclusivity and a travel economy that values LGBTQ+ travelers.

While a surge in air traffic in the world’s third-largest aviation market led to record jet orders, Go First's bankruptcy made lessors apprehensive about India.