A plan proposed by troubled Kingfisher Airlines is not enough to get it back in the skies, an aviation ministry official said on Friday.
Illinois-based Ryan International Airlines on Friday grounded its fleet and laid off all employees.
Ukrainian airline AeroSvit on Friday announced that it had commenced bankruptcy proceedings in late December.
Bankrupt business jet builder Hawker Beechcraft said Thursday that negotiations to sell its operations to a Chinese firm have collapsed.
American Airlines spending $10 million-a-month on bankruptcy lawyers and consultants might seem outrageous, until you look at the alternative.
Cimber Sterling grounded all flights effective immediately after filing for bankruptcy Thursday morning.
Nearly two years after running out of cash, filing for bankruptcy and grounding all flights, Mexicana de Aviación may resume operations as soon as April.
Global Aviation Holdings, owner of charter carriers World Airways and North American Airlines, filed for Chapter 11 bankruptcy protection Sunday evening. Global says operations will continue without interruption.
Malev, the government-owned national airline of Hungary, ended operations Friday morning, the culmination of weeks teetering on the edge of insolvency.
In an interview broadcast on Bloomberg Television on Monday, JetBlue Airways CEO David Barger said the bankruptcy of AMR and potential consolidation of American Airlines into another carrier was an “evolution” that is “good for our industry.”
