It comes after the carrier reportedly said in February that it was seeking to refinance.
Category: Bankruptcy
Why Do International Airlines File For Chapter 11 Bankruptcy In The US?
Even though Chapter 11 refers to US law, numerous international airlines have filed for bankruptcy under this code in recent years.
US Bankruptcy Court Approves SAS’ Restructuring Plan
The airline still awaits other approvals before it can exit bankruptcy.
Go First Bidders Reportedly Planning Sale Of Airline Assets
A consortium of business tycoons in India is bidding tens of millions for the carrier.
Go First Bidders Reportedly Planning Sale Of Airline Assets
A consortium of business tycoons in India is bidding tens of millions for the carrier.
Grounded Carrier Go First Granted 60-Day Extension For Insolvency Resolution
The airline has attracted investor interest in recent months.
Fly Arna Suspends Halts Flights Amid “Operational Revisions”
Fly Arna, the Armenian national low cost airline, has had to pause flights indefinitely due to financial issues.
GOL Gets Approval For $950 Million Bankruptcy Loan
While the first tranch is set to be paid, the US judge wants more evidence before approving further funding.
Bankruptcy Coming? GOL May File For Chapter 11 Status
Brazil’s GOL is attempting to restructure leases – and may have to go to bankruptcy court.