Norwegian Air secures bankruptcy protection in Norway
Embattled low-cost carrier Norwegian Air Shuttle said Tuesday it had secured bankruptcy protection in Norway, after recently receiving a similar shield in Ireland.
Dec 08, 2020
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Business
News tagged with bankruptcy protection
Business
Low-cost Norwegian Air Shuttle files for bankruptcy protection
Fighting for survival, low-cost Norwegian Air Shuttle filed for bankruptcy protection in Ireland on Wednesday for two of its main subsidiaries in a bid to shield itself from creditors long enough to find a solution for a ...
Nov 18, 2020
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Business
Struggling airlines seek to stay in the skies
The airline industry holds its annual gathering by video conference next week under the shadow of the COVID-19 pandemic that has plunged the sector into a crisis that may yet claim more carriers.
Nov 20, 2020
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Business
Virgin Australia airline to be sold to US-based Bain Capital
Virgin Australia's creditors agreed Friday to sell the airline to Boston-based Bain Capital in a deal that will see the carrier cut 3,000 jobs and end many of its international flights.
Sep 04, 2020
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Business
Airlines need another $70-80 bn to survive: IATA chief
Airlines need up to another $80 billion to survive, the head of the industry's trade association told a French daily on Friday, as many countries tighten restrictions to confront another wave of coronavirus infections.
Nov 20, 2020
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Business
Virgin Atlantic files for bankruptcy protection in US as virus bites
Virgin Atlantic has applied for bankruptcy protection in the United States, court filings show, as the British airline—which has not flown since April because of coronavirus—seeks to tie up a rescue deal in the UK.
Aug 05, 2020
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Business
Most airlines expect job cuts over next 12 months: survey
Most airlines are considering downsizing their staff over the next 12 months due to the coronavirus crisis, the International Air Transport Association said Wednesday, citing an internal survey.
Aug 05, 2020
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Business
Newspaper chain McClatchy files for bankruptcy protection (Update)
McClatchy, the publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers, has filed for bankruptcy protection as it struggles to pay off debt while revenue shrinks because more readers and advertisers ...
Feb 13, 2020
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Business
Investors in cryptocurrency exchange demand founder's body be exhumed
Investors in a cryptocurrency exchange who lost access to tens of millions of dollars when the website's Canadian founder died abruptly, are demanding his body be exhumed to rule out any chance that he faked his own death.
Dec 16, 2019
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Business
France's cash-strapped Aigle Azur to cancel all flights
France's second-largest airline Aigle Azur, which went into receivership this week, plans to cancel all flights starting Friday night as it seeks a takeover bid to save the company, according to an internal document seen ...
Sep 05, 2019
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