Posts Tagged ‘bankruptcy’
 

 

BREAKING: North American Airlines Clings to Life, To Continue Flying…For Now

North American Airlines has announced plans to attempt to keep two aircraft flying, even as parent company Global Aviation Holdings is liquidated.
by NYCAviation Staff
6

 
 

BREAKING: World Airways Immediately Shutting Down

Following on the heels of competitor Evergreen International Airlines, World Airways CEO John Graber announced earlier today that World will cease operations immediately.
by NYCAviation Staff
48

 
 
(NYCAviation file photo)

Judge Approves AMR Exit from Bankruptcy

In a New York City courtroom Wednesday morning, a Federal Bankruptcy judge cleared American Airlines parent AMR to emerge from Chapter 11 bankruptcy. The judge's actions cleared all remaining legal obstacles to the merger of US...
by NYCAviation Staff
0

 

 

BREAKING: Global Aviation Holdings Enters Bankruptcy (Again)

´┐╝Citing a global decline in demand for its chartered cargo and passenger transport services, NYC Aviation has learned Georgia-based Global Aviation Holdings tonight filed for Chapter 7 bankruptcy protection.
by Eric McKirdy
5

 
 
A Kingfisher Airlines Airbus A320 (VT-KEG) taxis at Bangalore. (Photo by marirs via wikipedia, CC-BY-SA)

India’s Kingfisher Revival Plan ‘Unconvincing’

A plan proposed by troubled Kingfisher Airlines is not enough to get it back in the skies, an aviation ministry official said on Friday.
by AFP
0