bankruptcy

 
Posts Tagged ‘bankruptcy’
 

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Airline News

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

Posted March 31, 2014 by NYCAviation Staff

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

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Airline News

BREAKING: World Airways Immediately Shutting Down

Posted March 27, 2014 by NYCAviation Staff

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






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(NYCAviation file photo)
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Airline News

Judge Approves AMR Exit from Bankruptcy

Posted November 27, 2013 by NYCAviation Staff

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 Airways and American Airlines.






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A World Airways Boeing 747. (Photo courtesy of Global Aviation)
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Airline News

BREAKING: Global Aviation Holdings Enters Bankruptcy (Again)

Posted November 12, 2013 by Eric McKirdy

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.






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

India’s Kingfisher Revival Plan ‘Unconvincing’

Posted January 12, 2013 by AFP

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






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A Ryan International Airlines Boeing 767-300ER (N764RD) spotted in Miami. (Photo by Mark Lawrence)
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Airline News

Charter Carrier Ryan International Airlines Grounds All Flights, Seeks Liquidation

Posted January 11, 2013 by NYCA Admin

Illinois-based Ryan International Airlines on Friday grounded its fleet and laid off all employees.






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An AeroSvit Boeing 767 on approach to JFK. (Photo by Jason Rabinowitz)
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Airline News

AeroSvit Ukrainian Airlines Files For Bankruptcy Protection

Posted January 4, 2013 by Jason Rabinowitz

Ukrainian airline AeroSvit on Friday announced that it had commenced bankruptcy proceedings in late December.






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Hawker Aircraft Services at Little Rock Airport. (Photo by Hawker Beechcraft)
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Manufacturer News

Turns Out Hawker Beechcraft Won’t Be Sold to China

Posted October 18, 2012 by BNO News

Bankrupt business jet builder Hawker Beechcraft said Thursday that negotiations to sell its operations to a Chinese firm have collapsed.






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American Airlines flight attendants protest labor cuts in New York City, April 23, 2012. (Photo by the Association of Professional Flight Attendants)
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Blog

The Bankrupting Cost of Airline Bankruptcy

Posted May 13, 2012 by NYCA Admin

American Airlines spending $10 million-a-month on bankruptcy lawyers and consultants might seem outrageous, until you look at the alternative.






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A Cimber Sterling Boeing 737-700 (OY-MRS) seen taking off from Alicante, Spain. (Photo by PatxikuD5000, published under a CC BY-NC-ND license.)
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Airline News

Danish Airline Cimber Sterling Grounds All Flights, Files For Bankruptcy

Posted May 3, 2012 by NYCA Admin

Cimber Sterling grounded all flights effective immediately after filing for bankruptcy Thursday morning.






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