NEWSOct 23, 2024Frontier Airlines and Spirit Consider Re-Opening Merger TalksInterests about a possible merger between Spirit Airlines and Frontier Airlines has reportedly been renewed. See why a deal fell through between the two airlines in the first place and what Spirit has done to alleviate debt burdens.Read More →
NEWSOct 04, 2024Spirit Airlines Considers Bankruptcy FilingSpirit Airlines executives are considering filing for bankruptcy in the future. See what the current plans are for the airline and how much debt the airlines owes to creditors.Read More →
NEWSMay 13, 2024Air Vanuatu: What Happens When An Airline Goes BankruptRecently, Air Vanuatu went bankrupt, canceling all international flights and stranding thousands of passengers. This latest airline bankruptcy brings up the question - What happens after an airline goes bust? Read More →
NEWSApr 01, 2024South American Tourism and the Impact of COVID-19South America's booming tourism industry seemed to evaporate during the pandemic. Although some companies are still struggling, recent evaluations of the region suggest that they are on the way back up. Read More →
INFORMATIONALFeb 02, 2024Why South Africa's Aviation Industry is Collapsing Amid Flag Carrier Bankruptcy and Economic IssuesSouth Africa's aviation industry, once a symbol of the country's economic prowess, currently navigates turbulent skies. The collapse of South African Airways (SAA), the national carrier, and broader economic strains have created a perfect storm, threatening the industry's survival.Read More →
NEWSJan 28, 2024Embattled Brazilian Low-Cost Carrier GOL Files for Chapter 11 BankruptcyGol Linhas Aereas Inteligentes SA (GOL), Brazil's largest low-cost carrier, filed for Chapter 11 bankruptcy protection in the U.S. on January 25. Although many industry analysts already expected GOL to file for bankruptcy, the move highlights airlines' enduring challenges due to the COVID-19 pandemic and broader economic uncertainties.Read More →
NEWSJan 19, 2024Financial Issues May Force Brazil's GOL to File for BankruptcyThe aviation industry can be difficult for airlines to survive since many carriers operate with razor-thin profit margins in a delicate balance between operating loss and operative revenue. The results can be disastrous when this balance between operating costs and revenue (profit/income) is disturbed. The latest airline to experience this problem is the Brazilian low-cost carrier GOL Linhas Aéreas Inteligentes (GOL). The 22-year-old airline is reportedly considering filing for Chapter 11 bankruptcy protection. Read More →
NEWSMay 04, 2023India's Go First Fleet Grounded for Over 17,000 Days, Blames PrattIndia's budget airline Go First has filed for bankruptcy and suspended flights due to technical issuesRead More →
NEWSSep 14, 2022New York Court Approves $700 million in Additional Funding for SAS SAS (Scandinavian Airlines System), the Scandinavian flag carrier, officially secured the essential funding to continue operation. A United States Bankruptcy Court for the Southern District of New York approved financing for the airline of over 700 Million USD. The Debtor-in-Possession (DIP) agreement's terms are almost identical to the ones SAS announced on August 14, 2022, with the financing credit agreement managed by Apollo Global Management. Read More →
NEWSJun 06, 2022Comair Group Suspends All FlightsOne of South Africa's largest airline operators, Comair, has suspended all flights with immediate effect due to insufficient funds. Operating flights for British Airways and managing subsidiary Kulula, Comair is a critical asset of the South African aviation market, and its suspension poses a devastating blow to passengers. Read More →
