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

Charter Carrier Ryan International Airlines Grounds All Flights, Seeks Liquidation

Illinois-based Ryan International Airlines on Friday grounded its fleet and laid off all employees.
by admin
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Airline News
An AeroSvit Boeing 767 on approach to JFK. (Photo by Jason Rabinowitz)

AeroSvit Ukrainian Airlines Files For Bankruptcy Protection

Ukrainian airline AeroSvit on Friday announced that it had commenced bankruptcy proceedings in late December.
by Jason Rabinowitz
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Manufacturer News
Hawker Aircraft Services at Little Rock Airport. (Photo by Hawker Beechcraft)

Turns Out Hawker Beechcraft Won’t Be Sold to China

Bankrupt business jet builder Hawker Beechcraft said Thursday that negotiations to sell its operations to a Chinese firm have collapsed.
by BNO News
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Blog
American Airlines flight attendants protest labor cuts in New York City, April 23, 2012. (Photo by the Association of Professional Flight Attendants)

The Bankrupting Cost of Airline Bankruptcy

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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Airline News
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.)

Danish Airline Cimber Sterling Grounds All Flights, Files For Bankruptcy

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