North American Airlines has announced plans to attempt to keep two aircraft flying, even as parent company Global Aviation Holdings is liquidated.
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.
￼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.
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.
Cimber Sterling grounded all flights effective immediately after filing for bankruptcy Thursday morning.