Tech Xplore - bankruptcy protection

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 8, 2020

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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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Bill signed for West Virginia renewable energy battery plant

West Virginia's governor on Friday signed a bill that gives $105 million in state funding for a renewable energy battery plant in a former steel town.

Feb 25, 2023

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Crypto executives need to grow up or go the way of FTX, Riot Blockchain leader says

The highly publicized collapse of the crypto platform FTX is a wake-up call for crypto executives to act more professionally, one of crypto's most prominent North Texas leaders says.

Nov 23, 2022

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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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China developer Evergrande plunges after resuming Hong Kong trading

Shares in troubled Chinese property giant Evergrande plummeted about 80 percent in Hong Kong on Monday after the lifting of a 17-month trading suspension.

Aug 28, 2023

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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 4, 2020

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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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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 5, 2020

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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.